Avnet (NASDAQ:AVT) reported quarterly adjusted earnings of $0.87 per share which missed the analyst consensus estimate of $0.89 by 2.25 percent. This is a 37.86 percent decrease over earnings of $1.40 per share from the same period last year. The company reported quarterly sales of $5.66 billion which beat the analyst consensus estimate of $5.58 billion by 1.42 percent. This is a 8.73 percent decrease over sales of $6.21 billion the same period last year.
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