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CORRECTED-Avnet quarterly profit falls on higher expenses
April 25, 2013 / 12:15 PM / 4 years ago

CORRECTED-Avnet quarterly profit falls on higher expenses

(Corrects paragraph 3 revenue to billions, not millions)

April 25 (Reuters) - Electronic products distributor Avnet Inc reported a 42 percent drop in quarterly profit, hurt by higher expenses.

Net income fell to $86.2 million, or 62 cents per share, in the third quarter from $147.6 million, or $1.00 per share, a year earlier.

Revenue rose 0.3 percent to $6.29 billion. (Reporting By Lehar Maan in Bangalore; Editing by Sreejiraj Eluvangal)

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