Avnet Reports Fourth Quarter and Fiscal Year 2016 Results

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Avnet (AVT) Misses Q4 EPS by 2c; Offers Q1 Outlook

August 10, 2016 7:02 AM EDT

Avnet (NYSE: AVT) reported Q4 EPS of $0.86, $0.02 worse than the analyst estimate of $0.88. Revenue for the quarter came in at $6.2 billion versus the consensus estimate of $6.21 billion.

GUIDANCE:

Avnet sees Q1 2017 EPS of $0.84-$0.94, versus the consensus of $0.86. Avnet sees Q1... More