Avnet says European business continues to be strong Says geo-political events not having outsized impact. Says Asia business continues to be profitable. Expects to continue to generate strong cash flow going forward. Says top priority for cash is organic growth. Says overall outlook for 2015 similar to 2014. Comments from Q4 earnings conference call.
Avnet sees Q3 adjusted EPS $1.04-$1.14, consensus $1.15 Sees Q3 sales $6.6B-$7.2B, consensus $6.93B. Q3 EM sales are expected to be in the range of $4.15B-$4.45B and TS sales are expected to be in the range of $2.45B-$2.75B.