Arrow Electronics Inc reports results for the quarter ended in December - Earnings Summary

Arrow Electronics

02/02/2023 14:32

* Arrow Electronics Inc  ARW.N  reported quarterly adjusted
earnings of $5.69​​ per share for the quarter ended in December.
The mean expectation of eight analysts for the quarter was
for earnings of $5.68 per share.
    * Revenue rose 3.4% to $9.32 billion from a year ago;
analysts
expected $9.31 billion. 
    * Arrow Electronics Inc's reported EPS for the quarter was
$5.66​.
    * The mean earnings estimate of analysts had risen by
about 1.9%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Arrow Electronics Inc shares had risen by 15.0% this
quarter.
    * The company reported quarterly net income of $349.4
million.
    * Wall Street's median 12-month price target for Arrow
Electronics
Inc is $115.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
2 at 02:31 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      5.68           5.69           Beat
 Sep. 30 2022      5.39           5.45           Beat
 Jun. 30 2022      5.63           5.78           Beat
 Mar. 31 2022      4.56           5.43           Beat