Avnet (NASDAQ:AVT) reported its Q3 earnings results on Wednesday, May 3, 2023 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
Avnet beat estimated earnings by 11.73%, reporting an EPS of $2.0 versus an estimate of $1.79.
Revenue was up $27.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.15 which was followed by a 0.09% increase in the share price the next day.
Here’s a look at Avnet’s past performance:
| Quarter | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|
| EPS Estimate | 1.85 | 1.91 | 1.98 | 1.52 |
| EPS Actual | 2 | 2 | 2.07 | 2.15 |
| Revenue Estimate | 6.53B | 6.36B | 6.26B | 5.69B |
| Revenue Actual | 6.72B | 6.75B | 6.37B | 6.49B |
To track all earnings releases for Avnet visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
