Avnet reports Q2 EPS $1.40, consensus $1.40

Reports Q2 revenue $6.2B, consensus $6.16B. Commenting on the company’s financial results, Avnet CEO Phil Gallagher stated, “We are pleased with the second quarter results, which were in line with our expectations. Our team continues to execute well despite the current economic environment and related challenges. We are confident that our strong competitive position and experience managing through many industry cycles will serve us well as we navigate through the next few quarters. We remain encouraged about future opportunities for growth across our end markets.”