Avnet Reports Second Quarter Fiscal 2020 Financial Results

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Go back to Avnet Reports Second Quarter Fiscal 2020 Financial Results

Avnet (AVT) Misses Q2 EPS by 1c, Revenues Beat; Offers Q3 EPS/Revenue Mid-Point Guidance Below Consensus

January 23, 2020 4:08 PM EST

Avnet (NASDAQ: AVT) reported Q2 EPS of $0.40, $0.01 worse than the analyst estimate of $0.41. Revenue for the quarter came in at $4.5 billion versus the consensus estimate of $4.42 billion.

Second Quarter Key Financial Highlights:

Sales of $4.5 billion were in line with guidance.GAAP diluted EPS from continuing operations totaled $0.05, compared with $0.33 a year ago.Non-GAAP adjusted diluted EPS totaled $0.40 compared with $1.04 a year... More