Avnet Sees Stronger USD in 3Q -- Currency Comment
January 26 2022 - 5:24PM
Dow Jones News
By Mary de Wet
Avnet Inc. expects higher sales and a stronger U.S. dollar
against the euro and the British pound in the three months ending
April 2.
On its guidance:
The global technology distributor and solutions provider expects
third-quarter sales of $5.4 billion to $5.8 billion, assuming the
euro averages $1.13, down from $1.20 in the same quarter a year
ago, and the pound averages $1.36, down from $1.38.
Sales totaled $4.92 billion in the quarter ended April 3,
2021.
Write to Mary de Wet at mary.dewet@dowjones.com
(END) Dow Jones Newswires
January 26, 2022 17:09 ET (22:09 GMT)
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