Arrow Electronics Guides Q3 In Line With Estimates - Update

RTTNews | 875 days ago
Stocktwits
Arrow Electronics Guides Q3 In Line With Estimates - Update

(RTTNews) - While reporting financial results for the second quarter on Thursday, Arrow Electronics, Inc. (ARW) provided earnings, adjusted earnings and total sales guidance for the third quarter.

For the third quarter, the company expects earnings in a range of $5.11 to $5.27 per share and adjusted earnings in a range of $5.27 to $5.43 per share on total sales between $8.92 billion and $9.52 billion, with global components sales between $7.17 billion and $7.47 billion, and global enterprise computing solutions sales between $1.75 billion to $2.05 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $5.36 per share on sales of $9.35 billion for the quarter. Analysts' estimates typically exclude special items.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: ARW
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Asian Markets Mostly Higher

Asian Markets Mostly Higher

Asian stock markets are trading mostly higher on Friday, following the mixed cues from Wall Street overnight, as traders continue to be optimistic about more interest rate cuts by the U.S. Fed next year. They also remain reluctant to make significant moves at the end of the holiday shortened week to start fresh next week. Asian markets ended mixed on Thursday.
RTTNews | 8h 37min ago
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