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FBN’s Robert Gray on Avnet estimating its revenue at the low end of its first quarter forecast.
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You're Fox Business -- the broad based sell -- on Wall Street continues.
Amid growing concerns of a global economic slowdown.
The Federal Reserve's latest assessment of the US economy did little to allay those concerns.
And a blue chips looking at their biggest three day drop since July seed stocks down about a percent across the board.
Shares of bad that all Avnet also tumbling today the electronic parts distributor is now estimating its first quarter revenue.
We'll come in at the low end of the forecasts -- that -- the impact of the late ninety projects on its hardware distribution operations.
The company is also seen -- significant slowdown in sales in the Americas for its -- distribution operation.
And with earnings season underway investors will be -- keeping an eye on Ruby Tuesday after the closing bell -- restaurant chain reports first quarter results the street is looking for an earnings per share.
Number six cents on revenue of 333.
And a half million.
