Arrow Electronics Sees Q2 2024 Adj. EPS $2.05-$2.25 Vs $2.60 Est.; Sales $6.20B-$6.80B Vs $7.207B Est.
Portfolio Pulse from Benzinga Newsdesk
Arrow Electronics projects its Q2 2024 adjusted EPS to be between $2.05 and $2.25, below the estimated $2.60. Sales are expected to range from $6.20B to $6.80B, also falling short of the estimated $7.207B.
May 02, 2024 | 12:04 pm
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Arrow Electronics anticipates lower-than-expected Q2 2024 earnings and sales, with adjusted EPS of $2.05-$2.25 vs. the $2.60 estimate and sales of $6.20B-$6.80B vs. the $7.207B estimate.
Arrow Electronics' projection of lower-than-expected earnings and sales for Q2 2024 is likely to negatively impact investor sentiment and the stock price in the short term. The significant miss on both the EPS and sales estimates compared to analyst expectations suggests potential challenges in the company's operations or market conditions, which could lead to a decrease in stock value as investors adjust their expectations.
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