Avnet Inc. (NYSE: AVT), Phoenix, AZ, reported sales for the second quarter ended Dec. 29 of $5 billion, up 11.7 percent over the same period a year ago. Profit decreased 22.1 percent to $36.4 million.
For the first six months of the year, sales increased 10.3 percent to $10.1 billion. Profit increased 14.3 percent to $120.1 million.
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