Avnet (AVT) Tops Q3 EPS by 6c

Avnet (NASDAQ: AVT) reported Q3 EPS of $0.38, $0.06 better than the analyst estimate of $0.32. Revenue for the quarter came in at $4.3 billion versus the consensus estimate of $4.06 billion.

Update on Guidance

Avnet is continuing to serve the needs of its suppliers, customers, and business partners and remains confident in its liquidity position. However, the Company is unable to predict the extent to which the global COVID-19 pandemic may impact its business operations, financial performance, and the results of operations for the next quarter. Therefore, Avnet will not be issuing guidance for the fourth quarter of fiscal 2020 ending on June 27, 2020.

For earnings history and earnings-related data on Avnet (AVT) click here.

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