Avnet (AVT) Tops Q2 EPS by 4c

Avnet Reports Second Quarter Fiscal Year 2017 Results

January 26, 2017 7:00 AM EST

Acquisitions Accelerate Digital Transformation

PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT) today announced results for the second quarter fiscal year 2017 ended December 31, 2016.

Highlights

Diluted earnings per share of $0.79 Adjusted diluted EPS from continuing operations of $0.77 exceeded the midpoint of expectations Premier Farnell sales exceeded expectations and contributed to margin expansion Cash generated from operations in the second quarter of fiscal 2017 was $240 million Acquired Hackster.io, strengthening digital platform and reach into early lifecycle customers     Second Quarters Ended December 31, 2016     January 2, 2016     Change Continuing Operations (1) $ in millions, except per share data Sales (2) $ 4,273.6 $ 4,161.1 2.7%... More