Avnet AVT reported its Q2 earnings results on Wednesday, January 29, 2025 at 08:00 AM.
Here's what investors need to know about the announcement.
Earnings
Avnet missed estimated earnings by -1.0%, reporting an EPS of $0.87 versus an estimate of $0.88.
Revenue was down $542.00 million from the same period last year.
Overview of Past Earnings
The company beat on EPS by $0.06 in the previous quarter, leading to a 6.0% drop share price change the next day.
Here's a look at Avnet's past performance:
Quarter | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
---|---|---|---|---|
EPS Estimate | 0.86 | 0.95 | 1.11 | 1.4 |
EPS Actual | 0.92 | 1.22 | 1.10 | 1.4 |
Revenue Estimate | 5.43B | 5.37B | 5.71B | 6.16B |
Revenue Actual | 5.60B | 5.56B | 5.65B | 6.21B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Avnet management provided guidance for Q3 2025, expecting earnings between $0.65 and $0.75 per share.
To track all earnings releases for Avnet visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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