Arrow Electronics Sees Q3 EPS $3.40-$3.60 Vs $3.66 Est.; Revenue $7.78B-$8.38B Vs $8.39B Est.
Portfolio Pulse from Happy Mohamed
Arrow Electronics has released its Q3 2023 outlook, expecting consolidated sales of $7.78 billion to $8.38 billion, with global components sales of $6.00 billion to $6.40 billion, and global enterprise computing solutions sales of $1.78 billion to $1.98 billion. The company anticipates a net income per share on a diluted basis of $3.25 to $3.45, and non-GAAP net income per share on a diluted basis of $3.40 to $3.60. Changes in foreign currencies are expected to increase year-over-year growth in sales by $212 million, and earnings per share on a diluted basis by $0.11 compared to the third quarter of 2022.

August 04, 2023 | 1:12 pm
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Arrow Electronics' Q3 2023 outlook is slightly below estimates, which could potentially impact the company's stock negatively in the short term.
Arrow Electronics' Q3 2023 outlook is slightly below estimates, with expected EPS of $3.40-$3.60 vs $3.66 estimate and revenue of $7.78B-$8.38B vs $8.39B estimate. This could lead to a negative sentiment among investors, potentially causing a short-term decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100