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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