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Avnet, Inc. (AVT) is one of the world’s largest distributors of semiconductors, interconnect, passive and electromechanical components, enterprise network and computer equipment, and embedded sub-systems from leading manufacturers. A number of recent revisions from analysts have pulled earnings estimates for the year ending June 2004 upward by 5 cents, or +6%, over the past month for Avnet. That includes a rise of 3 cents, or +4%, in just the past seven trading days. Last week, Avnet announced that it now expects fiscal third quarter sales and earnings, excluding a charge, to beat its previous expectations. The new guidance is for earnings per share, excluding that charge, of between 27 cents and 30 cents, instead of 22 cents to 25 cents. Avnet stated that sales at Electronics Marketing came in significantly better than expected on both a sequential and year-over-year basis, while sales at Technology Solutions came in as anticipated. The company believes that it’s in the early stages of a recovery, which would be good news for Avnet and its shareholders moving forward. The company will report the quarter’s results on April 29th. Quelle: Zacks Investment Research |
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| aus der Diskussion: | Best stocks for the the Next 30 Days: AVNET INC |
| Autor (Datum des Eintrages): | Madawa (26.04.04 16:57:15) |
| Beitrag: | 1 von 1 (ID:12879660) |
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