Avnet Stock Declines 8% Despite Q3 Earnings and Revenue Beat

Avnet (AVT) reported third-quarter fiscal 2025 earnings of 84 cents per share, beating the Zacks Consensus Estimate by 16.7%. The bottom line, however, declined 23.6% on a year-over-year basis.Net sales were $5.32 billion, which surpassed the Zacks Consensus Estimate by 0.46%. The figure, however, decreased 6% from the year-ago quarter.The company experienced declining sales across all its segments, reflecting broader market pressure. The margins were also pressured due to margin contraction across both the ...