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PHOENIX _ Avnet Inc. on Thursday reported fiscal second-quarter earnings of $163.7 million. For the current quarter ending in March, Avnet expects its per-share earnings to range from $1.04 to $1.14. Avnet shares have dropped 2 percent since the beginning of the year.
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Avnet had its analyst day today, and its CEO Rick Hamada offers insight on the company's quarter, semiconductor growth, and what lies ahead his electronic components business.
Avnet CEO Rick Hamada offers insight on his company's quarterly results, and what it means for the technology industry.
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*Raymond James cuts Avnet Inc to market perform from outperform rating. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
The earnings season is smacking the stock market even before it’s begun.
Jim Cramer explains how the bulls and bears duked it out Wednesday, like two opposing teams on the football field.
Take a look at some of Wednesday's midday movers:
NEW YORK, Oct 10- Small and midcapitalization stocks slipped on Wednesday, dragged down by the latest warnings from companies including Avnet Inc as U.S. third-quarter earnings reports got under way. The reporting period began with results from Dow component Alcoa after Tuesday's stock market close.
*S&P Capital IQ cuts Avnet Inc to hold from buy; cuts price target by. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
It's early in the third-quarter earnings season, but two trends are emerging.
PHOENIX-- Electronic parts and computer products distributor Avnet said Wednesday that its fiscal first-quarter adjusted earnings are expected to come in well below its previous forecast and revenue near the lower end of its guidance.