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Avnet Sales Down 2% in Fiscal 3Q

Avnet Inc. (NYSE: AVT), Phoenix, Arizona, reported sales for the third quarter of $4.7 billion, down 2% over the same period a year ago. Profit was $88 million, compared to a loss of $320.1 million the previous year.

For the first nine months of the year, sales increased 6.6% to $14.8 billion. Profit was $208.2 million, compared to a loss of $215 million during the same period in 2018.

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