=Avnet (AVT) reported earnings on Wed 16 Aug 23 (a/h)

 

Avnet beats by $0.41, beats on revs; guides SepQ EPS above consensus, revs above consensus

• Reports Q4 (Jun) earnings of $2.06 per share, excluding non-recurring items, $0.41 better than the FactSet Consensus of $1.65; revenues rose 2.9% year/year to $6.55 bln vs the $6.27 bln FactSet Consensus.
• Co issues upside guidance for Q1 (Sep), sees EPS of $1.45-1.55, excluding non-recurring items, vs. $1.39 FactSet Consensus; sees Q1 revs of $6.15-6.45 bln vs. $6.05 bln FactSet Consensus.