Avnet, Inc. Announces Increase In Q3 Bottom Line

(RTTNews) - Avnet, Inc. (AVT) reported a profit for its third quarter that Increases, from the same period last year

The company's bottom line came in at $94.3 million, or $1.14 per share. This compares with $87.9 million, or $1.01 per share, last year.

Excluding items, Avnet, Inc. reported adjusted earnings of $122.5 million or $1.48 per share for the period.

The company's revenue for the period rose 33.9% to $7.119 billion from $5.315 billion last year.

Avnet, Inc. earnings at a glance (GAAP) :

-Earnings: $94.3 Mln. vs. $87.9 Mln. last year. -EPS: $1.14 vs. $1.01 last year. -Revenue: $7.119 Bln vs. $5.315 Bln last year.

-Guidance: Next quarter EPS guidance: $ 1.70 To $ 1.80 Next quarter revenue guidance: $ 7.30 B To $ 7.60 B