** Shares of electronic components distributor  ARW.N  rise
as much as 4% to $104
    ** Co sees Q1 2021 adj EPS of $2.17-$2.33, above analysts'
est of $1.89 - Refinitiv data
    ** Expects Q1 sales of $7.63 bln-$8.23 bln, beating Street
view of $6.93 bln
    ** Co also beats EPS and rev est for Q4
    ** Global components sales rose 25% in Q4  urn:newsml:reuters.com:*:nBw7Dbyt8a
    ** Arrow well-positioned to increase the scale of Asia
components business, leading to higher profit levels - CEO
    ** ARW stock up ~4% so far in 2021

 (Reporting by Shreyasee Raj in Bengaluru)
 ((Shreyasee.Raj@thomsonreuters.com;))