Arrow Electronics Q2 Adj $4.37 Beats $4.33 Estimate, Sales $8.51B Miss $8.68B Estimate
Portfolio Pulse from Happy Mohamed
Arrow Electronics (ARW) reported Q2 earnings of $4.37 per share, beating the analyst consensus estimate of $4.33 by 0.92 percent. However, this is a 24.39 percent decrease from the same period last year. The company's quarterly sales of $8.51 billion missed the analyst consensus estimate of $8.68 billion by 1.91 percent, marking a 10.00 percent decrease from the same period last year.
August 04, 2023 | 1:08 pm
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Arrow Electronics' Q2 earnings beat estimates but are down YoY. Sales missed estimates and are down YoY.
Arrow Electronics reported a decrease in both earnings and sales compared to the same period last year. Despite beating earnings estimates, the company missed sales estimates, which could negatively impact the stock price in the short term.
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IMPORTANCE 100
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