Arrow Electronics shares are trading lower following a Q2 sales miss and weak Q3 guidance.
Portfolio Pulse from Benzinga Newsdesk
Arrow Electronics reported a miss in Q2 sales and provided weak Q3 guidance, leading to a drop in its share price.
August 04, 2023 | 1:42 pm
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Arrow Electronics' shares are trading lower due to a Q2 sales miss and weak Q3 guidance.
Arrow Electronics' shares are trading lower as the company missed its Q2 sales targets and provided a weaker than expected Q3 guidance. This indicates potential challenges in the company's performance, which could negatively impact investor sentiment and drive the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100