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News Breaks | | | | October 10, 2012 | | 08:01 EDT |  | AVT | Avnet sees Q1 adjusted EPS 52c-58c, consensus 83c
Sees Q1 sales approximately $5.85B, consensus $6.07B. Sales at Electronics Marketing and Technology Solutions for the September quarter are expected to be approximately $3.65B and $2.2B, respectively. The revised estimated earnings per share for the September 2012 quarter is primarily attributable to the combined negative impacts of (1) lower than expected revenues, most notably at TS, (2) lower gross profit margin in the Western regions at EM associated with the weaker sales environment and (3) a greater than anticipated geographic mix shift in the EM business where better than expected sales in the lower-margin Asia region were more than offset by weaker sales in the higher-margin Western regions. | |
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