Arrow Electronics shares are trading lower after the company issued Q4 adjusted EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Arrow Electronics shares declined after the company provided Q4 adjusted EPS guidance that fell short of market expectations.
October 31, 2024 | 2:06 pm
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NEGATIVE IMPACT
Arrow Electronics shares are trading lower due to the company's Q4 adjusted EPS guidance being below market estimates.
The company's guidance for Q4 adjusted EPS being below estimates is a negative indicator for investors, leading to a decline in share price. This suggests potential challenges in meeting earnings expectations, impacting investor sentiment negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100