Arrow Electronics, Inc. (ARW) reported third quarter net income attributable to shareholders of $12.58 million or $0.10 per share, compared to $76.07 million or $0.63 per share last year.
Adjusted net income attributable to shareholders was $44.8 million or $0.37 per share, compared to $83.7 million or $0.70 per share in the same quarter last year.
On average, 12 analysts polled by Thomson Reuters expected the company to report earnings of $0.33 per share. Analysts' estimates typically exclude special items.
Sales declined to $3.67 billion from $4.3 billion in the prior-year quarter. Nine analysts estimated revenues of $3.45 billion.
Looking ahead, the company believes that total fourth-quarter sales will be between $3.65 and $4.25 billion, with global component sales between $2.25 and $2.65 billion and global enterprise computing solutions sales between $1.4 and $1.6 billion. Earnings per share, excluding any charges, are expected to be in the range of $.44 to $.56.
Analysts expect the company to earn $0.51 per share, on revenues of $3.76 billion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.