Avnet Inc (AVT) revealed earnings for its fourth quarter that rose from last year.
The company said its bottom line advanced to $105.0 million, or $0.84 per share. This was higher than $75.4 million, or $0.59 per share, in last year's fourth quarter.
The company said revenue for the quarter rose 16.1% to $4.61 billion. This was up from $3.97 billion last year.
Avnet Inc earnings at a glance:
-Earnings (Q4): $105.0 Mln. vs. $75.4 Mln. last year.
-Earnings Growth (Y-o-Y): 39.3%
-EPS (Q4): $0.84 vs. $0.59 last year.
-EPS Growth (Y-o-Y): 42.4%
-Revenue (Q4): $4.61 Bln vs. $3.97 Bln last year.
-Revenue Change (Y-o-Y): 16.1%
-Guidance:
Next quarter EPS guidance: $0.67 - $0.77
Next quarter revenue guidance: $4.15 - $4.45 Bln
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