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Avnet's (AVT) financial performance in the fourth quarter reflects a negative impact of weakened demand amid uncertain economic conditions.
Avnet, Inc. (NASDAQ:AVT ) Q4 2024 Earnings Conference Call August 8, 2024 12:00 PM ET Company Participants Joe Burke - Vice President, Treasurer & Investor Relations Phil Gallagher - Chief Executive Officer Ken Jacobson - Chief Financial Officer Conference Call Participants William Stein - Truist Securities Matt Sheerin - Stifel Melissa Fairbanks - Raymond James Joe Quatrochi - Wells Fargo Ruplu Bhattacharya - Bank of America Operator Welcome to the Avnet Fourth Quarter Fiscal Year 2024 Earnings Call. I would now like to turn the floor over to Joe Burke, Vice President, Treasurer and Investor Relations for Avnet.
While the top- and bottom-line numbers for Avnet (AVT) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Avnet (AVT) came out with quarterly earnings of $1.22 per share, beating the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $2.06 per share a year ago.
Besides Wall Street's top -and-bottom-line estimates for Avnet (AVT), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2024.
PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet to participate in the Oppenheimer Technology Conference on August 13.
PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet launches new Tria(tm) brand to consolidate embedded compute options.
ARCO, IRWD and AVT have been added to the Zacks Rank #5 (Strong Sell) List on July 5, 2024.
PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet names Rebeca Obregon new president of Farnell.
In a market like this, you should identify stocks most likely to underperform as a way of protecting your portfolio. Some stocks have had poor performances in the past years but then they have some very significant challenges that can take their value into a slump.