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Avnet Inc Issues Q1 2014 Guidance In Line With Analysts' Estimates


Wednesday, 7 Aug 2013 08:00am EDT 

Avnet Inc announced that for the first quarter of 2014, it expects consolidated sales to be between $6.05 billion and $6.65 billion, adjusted diluted earnings per share (EPS) is expected to be in the range of $0.83 to $0.93 per share. The adjusted diluted EPS guidance does not include any potential restructuring charges or any charges related to acquisitions and post-closing integration activities and, as previously announced, excludes the amortization of intangibles. In addition, the above guidance assumes that the average Euro to U.S. Dollar currency exchange rate for the first quarter of 2014 is $1.32 to EUR1.00. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $6.30 billion and EPS of $0.86 for the first quarter of 2014. 

Company Quote

41.78
0.63 +1.53%
24 Oct 2014