Avnet (AVT) Reports In-Line Q2 EPS, Q3 Guidance Comes in Light

Go back to Avnet (AVT) Reports In-Line Q2 EPS, Q3 Guidance Comes in Light

Avnet Reports Second Quarter Fiscal 2019 Financial Results

January 24, 2019 4:05 PM EST

Quarterly sales grew 12% year over year to $5.05 billion; GAAP diluted EPS of $0.33 decreased 30%; Adjusted diluted EPS of $1.04 rose 33%

PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (Nasdaq: AVT) today announced results for the second quarter ended December 29, 2018.

Second Quarter Key Financial Highlights

Sales rose 11.7% year over year (13.1% in constant currency) to $5.05 billion GAAP diluted EPS from continuing operations decreased 30% year over year to $0.33 Non-GAAP adjusted diluted EPS rose 33% year over year to $1.04... More