Arrow Electronics Q4 Adj. EPS $3.98 Beats $3.72 Estimate, Sales $7.85B Beat $7.84B Estimate
Portfolio Pulse from Benzinga Newsdesk
Arrow Electronics (ARW) reported Q4 adjusted EPS of $3.98, surpassing the $3.72 estimate, with sales of $7.85B also beating the $7.84B estimate. However, this represents a 30.05% decrease in earnings and a 15.81% decrease in sales from the same period last year.
February 08, 2024 | 1:05 pm
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Arrow Electronics reported higher-than-expected Q4 earnings and sales, but with significant decreases from the previous year.
Beating earnings and sales estimates typically has a positive short-term impact on a company's stock price. However, the significant year-over-year decreases in both earnings and sales may temper investor enthusiasm, suggesting a cautious optimism.
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