Avnet (AVT) Misses Q4 EPS by 2c; Offers Q1 Outlook
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Avnet Reports Fourth Quarter and Fiscal Year 2016 Results
August 10, 2016 7:00 AM EDTPHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT) today announced results for the fourth quarter and fiscal year 2016 ended July 2, 2016.
Q4 Fiscal 2016 Results
Sales of $6.2 billion, down 8% year over year and consistent with outlook Adjusted diluted earnings per share of $0.86; diluted earnings per share of $0.75 Repurchased $46.8 million in stock, paid $21.6 million in dividends Announced cash offer to acquire Premier Farnell plcIn the June quarter, our Technology Solutions (TS) group... More
