Arrow Electronics Sees Q3 Net Sales Of $6.37B-$6.97B Vs. $6.69B Estimate; Sees Adjusted EPS Of $2.10-$2.30 Vs. $2.44 Estimate
Portfolio Pulse from Benzinga Newsdesk
Arrow Electronics has provided its Q3 financial guidance, projecting net sales between $6.37 billion and $6.97 billion, which is slightly below the $6.69 billion estimate. The company also expects adjusted EPS to range from $2.10 to $2.30, falling short of the $2.44 estimate.
August 01, 2024 | 12:10 pm
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Arrow Electronics' Q3 guidance shows net sales between $6.37B and $6.97B, slightly below the $6.69B estimate. Adjusted EPS is expected to be $2.10-$2.30, missing the $2.44 estimate.
The guidance provided by Arrow Electronics is below market expectations for both net sales and adjusted EPS. This is likely to negatively impact the stock price in the short term as investors react to the lower-than-expected financial outlook.
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