Arrow Electronics Q2 Adj $2.78 Beats $2.16 Estimate, Sales $6.89B Beat $6.52B Estimate
Portfolio Pulse from Benzinga Newsdesk
Arrow Electronics (NYSE:ARW) reported Q2 earnings of $2.78 per share, beating the $2.16 estimate by 28.7%. Sales were $6.89 billion, surpassing the $6.52 billion estimate by 5.72%. However, both earnings and sales decreased compared to the same period last year.
August 01, 2024 | 12:02 pm
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Arrow Electronics reported Q2 earnings of $2.78 per share, beating estimates by 28.7%, and sales of $6.89 billion, beating estimates by 5.72%. Despite the beats, both earnings and sales decreased compared to the same period last year.
The significant beats on both earnings and sales estimates are positive for the stock in the short term. However, the year-over-year declines in both metrics may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100