AVT - Avnet Shares Dip After Q3 Earnings Miss On Lower Electronic Components Margin | Benzinga
Avnet, Inc. (NASDAQ:AVT) shares traded lower Wednesday after the company reported third-quarter results.
The company reported adjusted earnings per share of $1.10, missing the street view of $1.11.
Avnet reported quarterly sales of $5.654 billion, missing the analyst consensus of $5.707 billion.
“In the third quarter, we delivered results that were in line with our expectations, amidst economic softness and lower demand in the markets ...