Avnet Reports Second Quarter Fiscal 2021 Financial Results
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Avnet (AVT) Tops Q2 EPS by 9c, Revenues Beat; Offers 3Q EPS/Revenue Guidance Abvoe Consensus
January 27, 2021 4:16 PM ESTAvnet (NASDAQ: AVT) reported Q2 EPS of $0.48, $0.09 better than the analyst estimate of $0.39. Revenue for the quarter came in at $4.7 billion versus the consensus estimate of $4.27 billion.
Fiscal Second Quarter Key Financial Highlights:
Sales of $4.7 billion up from $4.5 billion in the prior year quarter, supported by record sales in Asia of $2.2 billion, up 16% year over year.On constant currency basis, organic sales increased 4.8% after adjusting for 14 weeks of activity in the prior quarter.GAAP diluted earnings per share of $0.19, compared with a GAAP diluted loss per share of... More