New York, January 26th (TradersHuddle.com) – Shares of Avnet, Inc. (NYSE:AVT) are trading higher by +0.28% ahead of its quarterly earnings release. Avnet, the distributor of computer products, embedded systems, semiconductors, interconnects, passives, electromechanical, RF and microwave components is expected to release its quarterly results on January 27th.
Wall Street Analysts consensus calls for a profit of $1.04 a share on $6.69 billion revenue.
Avnet estimates have a range of $0.08 a share. The high estimate calls for profit of $1.08 a share and the low estimate is calling for a profit of $1 a share, a year ago for the quarter the company reported $0.66 a share.
Avnet, Inc. (NYSE:AVT) distributes computer products and semiconductors, as well as interconnect, passive, and electromechanical components. The Company markets, inventories, and adds value to these products and provides supply-chain integration, engineering design, and technical services. Avnet serves customers in countries around the world.