Arrow Electronics Q1 2024 Adj EPS $2.41 Beats $2.37 Estimate, Sales $6.924B Miss $7.046B Estimate
Portfolio Pulse from Benzinga Newsdesk
Arrow Electronics reported Q1 2024 adjusted EPS of $2.41, surpassing the $2.37 estimate, but its sales of $6.924B fell short of the $7.046B estimate, marking a 20.74% decrease from the previous year.

May 02, 2024 | 12:02 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Arrow Electronics exceeded EPS estimates but missed sales forecasts for Q1 2024, with a significant year-over-year sales decline.
While Arrow Electronics surpassed EPS expectations, the miss on sales forecasts and a notable year-over-year decline could lead to mixed investor sentiment. The EPS beat may provide some positive momentum, but the sales miss and significant decrease from the previous year could temper optimism, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100