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Investing.com - Avnet reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Avnet announced earnings per share of $1.93 on revenue of $6.75. Analysts polled by Investing.com EPS of $1.91 on revenue of $6.36B.
Avnet 's are down 10.44% and is trading at $39.47 , still down 21.36% from its 52 week high of $50.19 set on Monday, June 6, 2022.
Avnet follows other major Information Technology sector earnings this month
Avnet's report follows an earnings beat by Apple on Thursday, who reported EPS of $1.29 on revenue of $90.1B, EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on Tuesday with first quarter EPS of $2.35 on revenue of $50.1B, for EPS of $2.32 on revenue of $49.86B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar