Avnet, Inc. (AVT) Q1 2009 Earnings Results

Avnet Misses on EPS, Stock Down 6.05%

Avnet's earnings report shows a disappointing EPS result, which contributed to a 6.05% drop in stock price. The lack of revenue data and guidance adds uncertainty for investors. Management's cautious tone suggests they are aware of the challenges ahead but are focused on managing costs.

The print

Key numbers

Actual vs. consensus

Metric	Actual	Expected	Surprise
EPS	$0.61	N/A	-13.60%
Revenue	N/A	N/A	N/A

Management

Management commentary

Tone: Defensive

Management expressed concerns about market conditions impacting performance. They emphasized a commitment to navigating these challenges effectively.

Management acknowledged challenges in the current market environment.

They highlighted a focus on cost management and operational efficiency.

There was no specific guidance provided for future quarters.

Avnet Misses on EPS, Stock Down 6.05%

Key numbers

Management commentary

Avnet, Inc.

More earnings this week

Avnet Misses on EPS, Stock Down 6.05%

Key numbers

Management commentary