Avnet stock jumps 11% after Q2 earnings beat and upbeat outlook lifts AVT price

Avnet, Inc. shares surged roughly 11% Wednesday following a quarterly earnings report that beat estimates and a third-quarter forecast that exceeded expectations. By 1:01 p.m. EST, the stock had climbed 11.3% to $58.65, reaching an intraday peak of $58.84 earlier.