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Avnet’s third-quarter profit rises

NEW YORK (MarketWatch) — Avnet Inc.’s fiscal third-quarter net income increased to $107.2 million, or 71 cents a share, from $105.2 million, or 70 cents a share, the previous year. Excluding items, earnings were 76 cents a share. Analysts polled by Thomson Reuters expected, on average, earnings of 75 cents a share. Analysts’ estimates usually exclude items. The Phoenix semiconductor distributor said sales for the period ended March 29 increased 13% to $4.42 billion from $3.9 billion the year prior. For the fiscal fourth quarter, Avnet expects adjusted earnings of 79 cents to 83 cents a share on sales of $4.55 billion to $4.75 billion.
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Original post by Forextvblog

This entry was posted on Thursday, April 24th, 2008 at 9:27 am and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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