Avnet Q3 sales rise, sees EPS down in Q4

Friday 28 April 2017 | 13:07 CET | News
Avnet, a distributor of IT products, said revenues over the first three months of 2017 totalled USD 4.4 billion, up 8.8 percent from a year earlier as growth in the EMEA and Americas offset a decline in Asian sales. The company warned however that investment in new systems in the US could lead to a decline in adjusted diluted EPS in the current, fourth quarter.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Avnet
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Avnet names Viavi CEO Khaykin to BoD

Published 24 May 2018 08:19 CET | World
Avnet announced that Oleg Khaykin was appointed to the company's board of directors. He will also serve on the audit committee ...

Avnet names Gallagher head of Core Distribution Business

Published 19 Apr 2017 14:33 CET | World
US-based B2B technology distributor Avnet announced Philip Gallagher is returning to the company as global president of Avnet's ...

Tech Data revenues virtually unchanged in Q4

Published 09 Mar 2017 14:07 CET | World
Distributor Tech Data said revenues for its fiscal fourth quarter to end January fell 1 percent year-on-year to USD 7.4 billion, ...

Avnet adds AT&T's IoT managed services to IoT stack

Published 27 Feb 2017 09:18 CET | World
Avnet partnered AT&T to add AT&T's IoT managed services to its growing IoT products stack. The agreement, which empowers Avnet ...

Avnet sales up 3% to USD 4.2 bln in December quarter

Published 27 Jan 2017 13:46 CET | World
Avnet saw its sales increase 3.4 percent in the fiscal quarter to 31 December from the year ago quarter in constant currency to ...