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

Arrow Electronics

06/05/2022 24:42

* Arrow Electronics Inc  ARW.N  reported quarterly adjusted
earnings of $5.43​​ per share for the quarter ended in March.
The mean expectation of eight analysts for the quarter was
for earnings of $4.56 per share.
    * Revenue rose 8.2% to $9.07 billion from a year ago; 
analysts
expected $8.71 billion. 
    * Arrow Electronics Inc's reported EPS for the quarter was
$5.31​.
    * The mean earnings estimate of analysts had risen by
about 10.3%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Arrow Electronics Inc shares had risen by 5.1% this
quarter and
lost 7.2% so far this year.
    * The company reported quarterly net income of $364.75
million.
    * Wall Street's median 12-month price target for Arrow
Electronics
Inc is $140.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell." 

This summary was machine generated May 5 at 11:42 p.m.  ​All
figures in US dollars unless otherwise stated