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Avnet: Fiscal Q3 Earnings Snapshot

PHOENIX (AP) — PHOENIX (AP) — Avnet Inc. (AVT) on Wednesday reported fiscal third-quarter earnings of $94.3 million.

The Phoenix-based company said it had net income of $1.14 per share. Earnings, adjusted for pretax expenses and restructuring costs, came to $1.48 per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share.

The distributor of electronic components posted revenue of $7.12 billion in the period.

For the current quarter ending in June, Avnet expects its per-share earnings to range from $1.70 to $1.80.

The company said it expects revenue in the range of $7.3 billion to $7.6 billion for the fiscal fourth quarter.

Avnet shares have risen 63% since the beginning of the year. The stock has climbed 51% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AVT at https://www.zacks.com/ap/AVT

Trump says Qatari-gifted Air Force One will be ‘maxed out’ amid security concerns

(CNN) — US President Donald Trump said the Qatari-donated jet that has served as Air Force One will be sent for upgrades, as concerns mount over the plane’s security features.Stepping off the plane on his return from the FIFA World Cup final in New Jersey on Sunday, Trump was asked about the newly renovated plane’s missile-defense capabilities.“It has a lot of capability but, as I understand it, in about a month or so they’re going to send it to have it be maxed out,” Trump told reporters at Joint Base Andrews.“They’re going to be sending it, and they’ll have it be maxed out. It’ll take about a month,” he added.As CNN has reported, concerns about the new, $400 million Qatari-gifted jet have come into focus since earlier this month when Trump unexpectedly ditched the jet during his return from a NATO summit in Turkey and said he was sending the new plane ahead to Mildenhall air base in England.Trump said the change in planes was simply to give US service members stationed at the base “a chance to tour the Aircraft.”As CNN also reported, two US officials said security personnel felt more comfortable with the president aboard an older plane –– which was built from scratch with the commander-in-chief’s safety in mind — rather than the plane that had recently been retrofitted after it was donated by Qatar.Two sources familiar with the matter said the newer plane did not possess the same capabilities to ensure its safety in international settings, though a third said it was equipped with many of the same features as the older plane.Security concerns surrounding the plane were previously reported by the New York Times.As CNN reported, a major White House investigation was launched to identify who in the government leaked information about these security deficiencies, with some officials being asked to turn over their phones to investigators on White House grounds, sources familiar with the matter told CNN. It came as Trump had fumed over the disclosures, sources said.The-CNN-Wire™ & © 2026 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.
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