Avnet reports Q3 EPS 84c, consensus 71c

Reports Q3 revenue $5.32B, consensus $5.25B. “We are pleased with our third quarter results, with revenue and earnings exceeding our expectations,” said Avnet (AVT) Chief Executive Officer Phil Gallagher. “Our team continues to execute well in a highly dynamic geopolitical and market environment, and I want to thank them for their persistence during this prolonged and challenging cycle. Avnet’s proven history of helping our customers and suppliers adapt to market changes will serve us well as we continue to create value for our stakeholders.”