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

Arrow Electronics

03/08/2023 15:11

* Arrow Electronics Inc  ARW.N  reported quarterly adjusted
earnings of $4.37​​ per share for the quarter ended in June. The
mean expectation of eight analysts for the quarter was
for earnings of $4.34 per share.
    * Revenue fell 10% to $8.51 billion from a year ago;
analysts
expected $8.73 billion. 
    * Arrow Electronics Inc's reported EPS for the quarter was
$4.12​.
    * The mean earnings estimate of analysts had risen by
about 4% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Arrow Electronics Inc shares had fallen by 1.3% this
quarter and
gained 35.2% so far this year.
    * The company reported quarterly net income of $236.56
million.
    * Wall Street's median 12-month price target for Arrow
Electronics
Inc is $134.00 
    * 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 LSEG Refinitiv data
August 3 at 02:10 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      4.34           4.37           Beat
 Mar. 31 2023      4.50           4.60           Beat
 Dec. 31 2022      5.68           5.69           Beat
 Sep. 30 2022      5.39           5.45           Beat