Arrow Electronics Sees Q4 Revenue Of $7.50B - $8.10B Vs. $8.15B Est.
Portfolio Pulse from Benzinga Newsdesk
Arrow Electronics has projected its Q4 revenue to be between $7.50 billion and $8.10 billion, which is lower than the estimated $8.15 billion.
November 02, 2023 | 12:04 pm
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NEGATIVE IMPACT
Arrow Electronics' lower than expected Q4 revenue forecast may negatively impact its stock price in the short term.
Arrow Electronics' Q4 revenue forecast is lower than the market's expectations. 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