Arrow Electronics Sees Q4 Adj EPS $2.48-$2.68 vs $3.42 Est; Sees Sales $6.670B-$7.270B vs $7.25B Est
Portfolio Pulse from Benzinga Newsdesk
Arrow Electronics has provided a Q4 2024 outlook with adjusted EPS expected to be between $2.48 and $2.68, below the estimated $3.42. Sales are projected to be between $6.67 billion and $7.27 billion, slightly below the $7.25 billion estimate. The company anticipates a net income per share of $1.35 to $1.55 and a non-GAAP net income per share of $2.48 to $2.68. Foreign currency changes are expected to increase sales by $60 million and EPS by $0.02 compared to Q4 2023.
October 31, 2024 | 12:16 pm
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Arrow Electronics' Q4 2024 guidance shows lower-than-expected adjusted EPS and sales, which may negatively impact investor sentiment in the short term.
The company's guidance for Q4 2024 shows adjusted EPS and sales below analyst estimates, which is likely to lead to a negative reaction from investors. The adjusted EPS is significantly lower than the expected $3.42, and sales are slightly below the $7.25 billion estimate. This discrepancy between expectations and guidance can lead to a decrease in stock price as investors adjust their valuations.
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IMPORTANCE 80
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