Avnet (AVT) Soars 7% as Q4 Earnings and Revenues Beat Estimates
Avnet's (AVT) financial performance in the fourth quarter reflects a negative impact of weakened demand amid uncertain economic conditions.
Avnet, Inc. (AVT) Q4 2024 Earnings Call Transcript
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.
Here's What Key Metrics Tell Us About Avnet (AVT) Q4 Earnings
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) Q4 Earnings and Revenues Beat Estimates
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.
Curious about Avnet (AVT) Q4 Performance? Explore Wall Street Estimates for Key Metrics
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.
Escape the Downturn: 3 Must-Sell Stocks Before July
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.
Why Is Avnet (AVT) Up 12.2% Since Last Earnings Report?
Avnet (AVT) reported earnings 30 days ago. What's next for the stock?
