Thursday's Winners & Losers: Avnet

Shares of Avnet(AVT Quote) were among the NYSE's winners Thursday, jumping 13% after the company posted better-than-expected earnings and offered a guidance above Wall Street's target.

For the second quarter ended Dec. 30, the distributor of electronic components earned $99.1 million, or 67 cents a share, on revenue of $3.89 billion. Analysts polled by Thomson First Call expected earnings of 61 cents a share and revenue of $3.93 billion. A year earlier, Avnet recorded adjusted earnings of $71 million, or 48 cents a share, on revenue of $3.76 billion.

Looking ahead, Avnet forecast third-quarter earnings of 67 cents to 71 cents a share, with revenue of $4.1 billion to $4.3 billion. Analysts, on average, project a profit of 60 cents a share and revenue of $4.1 billion. Shares were trading up $3.31 to $29.42.

Netflix(NFLX Quote) rose 3% after the online DVD rental company posted better-than-expected fourth-quarter results and issued a rosy first-quarter forecast. The company earned $14.9 million, or 21 cents a share, on revenue of $277.2 million. Analysts expected earnings of 15 cents a share on revenue of $277.2 million. During the year-earlier period, the company earned $38.2 million, or 57 cents a share, on revenue of $193 million.

For the first quarter, Netflix sees earnings of 13 cents to 18 cents a share, above Wall Street's target of 11 cents. The company predicts revenue of $304 million to $310 million, compared with analysts' projection of $309.1 million. Shares recently were up 60 cents to $23.35.