Avnet tops profit and revenue forecasts in Q4

nl.investing.com (Dutch)

Avnet reported fourth-quarter earnings and revenue above analyst expectations on Wednesday, sending its shares up over 5% in premarket trading. The company posted earnings per share of $2.28 on revenue of $8.3 billion. Analysts surveyed by Investing.com had forecast $1.67 per share and $7.28 billion in revenue. Avnet shares traded at $97.50 premarket and have risen 92% this year, outperforming the Nasdaq's 14% gain. The results add to strong recent tech-sector earnings.


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Avnet tops profit and revenue forecasts in Q4 | News Minimalist