Avnet Stock Plunges 10% as Q2 Earnings Miss Estimates, Down Y/Y
Avnet(AVT) ZACKS·2025-01-31 00:25
Avnet (AVT) shares were trading 9.8% lower in the pre-market trade today as it delivered lower-than-expected second-quarter fiscal 2025 bottom-line results with non-GAAP earnings of 87 cents per share. Despite quarterly earnings complying with management’s guidance of 80-90 cents per share, it missed the Zacks Consensus Estimate by 1.14%. The bottom line declined 38% year over year, demonstrating a weaker operating margin compared to the previous year.Find the latest EPS estimates and surprises on Zacks Ear ...