Benzinga | Oct 28, 2020 04:27PM EDT

Avnet Q1 EPS $0.36 Beats $0.18 Estimate, Sales $4.70B Beat $4.06B Estimate

Avnet (NASDAQ:AVT) reported quarterly earnings of $0.36 per share which beat the analyst consensus estimate of $0.18 by 100 percent. This is a 40 percent decrease over earnings of $0.60 per share from the same period last year. The company reported quarterly sales of $4.70 billion which beat the analyst consensus estimate of $4.06 billion by 15.76 percent. This is a 1.51 percent increase over sales of $4.63 billion the same period last year.