ADI Global Distribution's Fiscal Q2 Swings to Profit, Revenue Rises

MT Newswires Live
Aug 13

ADI Global Distribution (ADIG) reported a fiscal Q2 net income Thursday of $6 million, swinging from a loss of $283 million a year earlier.

Two analysts polled by FactSet expected net income of $24 million.

Net revenue for the quarter ended July 4 was $1.29 billion, compared with $1.28 billion a year earlier.

Two analysts projected $1.26 billion.

The company said it now expects full-year revenue in the range of $4.95 billion to $5.00 billion. Two analysts project $4.99 billion.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10