Arrow Electronics Q3 2024 Adj. EPS $2.38 Beats $2.22 Estimate, Sales $6.823B Beat $6.730B Estimate
Portfolio Pulse from Benzinga Newsdesk
Arrow Electronics reported Q3 2024 earnings per share of $2.38, surpassing the analyst estimate of $2.22. Sales were $6.823 billion, also beating the estimate of $6.730 billion. However, both earnings and sales decreased compared to the same period last year.
October 31, 2024 | 12:12 pm
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Arrow Electronics reported better-than-expected Q3 2024 earnings and sales, but both figures declined compared to last year. The EPS of $2.38 beat the estimate of $2.22, and sales of $6.823 billion exceeded the $6.730 billion estimate.
Arrow Electronics exceeded analyst expectations for both EPS and sales, which is typically positive for stock prices. However, the year-over-year decline in both metrics may temper investor enthusiasm. Overall, the beat on estimates is likely to have a positive short-term impact on the stock price.
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