Avnet (AVT) Tops Q1 EPS by 1c
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Avnet Reports First Quarter Fiscal Year 2017 Results
October 27, 2016 7:01 AM EDTStrategic Transition Underway
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT) today announced results for the first quarter fiscal year 2017 ended October 1, 2016.
Highlights
Completed purchase of Premier Farnell in October, expects to realize $70 to $80 million of synergies Announced sale of Technology Solutions (TS) for $2.6 billion, expects to close in Q3 or Q4 FY2017 Q1 financial results consistent with previous expectations Electronics Marketing sales and operating income exceeded the midpoint of expectations... More