PHOENIX–(BUSINESS WIRE)– Avnet, Inc. (Nasdaq: AVT) today announced results for its fourth quarter and fiscal year ended June 27, 2020.Fiscal Fourth Quarter Key Financial Highlights:Sales of $4.2 billion, compared with $4.3 billion in the previous quarter and $4.7 billion in the prior year quarter.GAAP diluted earnings per share from continuing operations of $0.53, compared with loss per share of $0.33 a year ago.Non-GAAP adjusted diluted EPS of $0.64 compared with $0.95 a year ago.GAAP and Non-GAAP diluted EPS was positively impacted by $0.42 from lower tax expense and $0.08 from lower interest expense and favorable foreign currency gains as compared to the prior quarter.
https://i0.wp.com/mtgelectronics.com/wp-content/uploads/2020/08/Avnet_47th_St_bldg_1.jpg?fit=2560%2C1817&ssl=1 1817 2560 admin https://mtgelectronics.com/wp-content/uploads/2020/07/MTG-logo-for-site-300x100-1.png admin2020-08-13 08:09:262020-08-13 08:14:00Avnet Reports Q4 and FY2020 Financial Results
- Momentum Builds For Advanced PackagingSeptember 18, 2020 - 10:11 am
- Chip Industry Wants $50 Billion to Keep Manufacturing in U.S.September 17, 2020 - 12:53 pm
- Gartner: IoT 2-5 Years From Transformational Impact September 16, 2020 - 12:34 pm
- AMERGINT eyes acquisition of space-based optics business from Raytheon Technologies following mergerSeptember 16, 2020 - 11:52 am