Avnet reports third quarter fiscal 2020 financial results

Avnet reports third quarter fiscal 2020 financial results.q3 adjusted non-gaap earnings per share $0.38.q3 gaap loss per share $1.29 from continuing operations.q3 sales $4.3 billion versus refinitiv ibes estimate of $4.06 billion.q3 earnings per share estimate $0.32 -- refinitiv ibes data.incurred $160 million of goodwill and other impairment expenses in quarter due to impacts of covid-19 outbreak.improved debt profile with revolving debt reduction of $92 million, with net debt of $1.19 billion at end of quarter.will not be issuing guidance for q4 of fiscal 2020 ending on june 27, 2020.
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