Avnet (AVT) Tops Q4 EPS by 1c

Avnet (NASDAQ: AVT) reported Q4 EPS of $0.99, $0.01 better than the analyst estimate of $0.98. Revenue for the quarter came in at $5.06 billion versus the consensus estimate of $4.85 billion.

CEO Commentary

“We closed fiscal 2018 with great momentum in revenue growth, earnings and cash flow generation,” said Bill Amelio, Chief Executive Officer, Avnet. “Avnet’s unique ecosystem gives our customers access to an unparalleled suite of capabilities. We can now guide our enterprise and startup customers alike from idea to product and product to market. We do this by reducing complexity and delivering solutions that get products to market quickly and cost effectively. Our ecosystem is foundational, and when coupled with our ongoing transformation initiatives, we see a very exciting road ahead.”

GUIDANCE:

The company sees Q1 EPS of $0.95-$1.05, versus the consensus of $0.97. Sees revenue of $4.8-$5.2 billion versus the consensus of $4.88 billion.

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

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