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Avnet Inc Issues Q3 2013 Guidance; EPS Guidance Above Analysts' Estimates

Thursday, 24 Jan 2013 08:00am EST 

Avnet Inc announced that for the third quarter of 2013, it expects sales to be in the range of $3.625 billion to $3.925 billion and TS sales to be between $2.325 billion and $2.625 billion. Consolidated sales are forecasted to be between $5.95 billion and $6.55 billion and adjusted diluted earnings per share (EPS) to be in the range of $0.81 to $0.91 per share. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $5.95 billion and EPS of $0.78 for the third quarter of 2013. 

Company Quote

1.08 +2.70%
4:02pm EDT