Avnet, Inc. AVT today announced results for the second quarter fiscal year 2011 ended January 1, 2011.
Sales for the quarter ended January 1, 2011 increased 40% year over year to a record $6.8 billion; pro forma revenue was up 14% year over year
Adjusted operating income increased 58% to $256.7 million and adjusted operating income margin of 3.79% was up 43 basis points year over year and 19 basis points sequentially
Adjusted diluted earnings per share increased 62% over the prior year quarter to a record $1.07 per share on a diluted basis
Included in GAAP net income is a total of $23.8 million after tax and $0.16 per share on a diluted basis related to restructuring, integration and other charges
Adjusted Diluted EPS $ 1.07
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in