Avnet’s stock rises 3% on earnings, revenue beats

Avnet Corp.’s AVT stock climbed 3% in extended trading Wednesday after the electronics company posted fiscal third-quarter results that easily exceeded analyst revenue and earnings estimates. Avnet reported net income of $187.4 million, or $2.03 a share, compared with net income of $183.4 million, or $1.84 a share, in the year-ago quarter. Adjusted earnings were $2.05 a share. Revenue was $6.52 billion, compared with $6.49 billion a year ago.

’s AVT stock climbed 3% in extended trading Wednesday after the electronics company posted fiscal third-quarter results that easily exceeded analyst revenue and earnings estimates. Avnet reported net income of $187.4 million, or $2.03 a share, compared with net income of $183.4 million, or $1.84 a share, in the year-ago quarter. Adjusted earnings were $2.05 a share. Revenue was $6.52 billion, compared with $6.49 billion a year ago.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

5 things to know before the stock market opens WednesdayHere are the most important news items that investors need to start their trading day.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »