PHOENIX (AP) _ Avnet Inc. (AVT) on Wednesday reported fiscal third-quarter earnings of $183.4 million.

On a per-share basis, the Phoenix-based company said it had net income of $1.84. Earnings, adjusted for non-recurring costs and pretax expenses, were $2.15 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.51 per share.

The distributor of electronic components posted revenue of $6.49 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $5.62 billion.

For the current quarter ending in June, Avnet expects its per-share earnings to range from $1.90 to $2.

Avnet shares have declined 5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $39.12, a decline of 12% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AVT at https://www.zacks.com/ap/AVT

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News