Plus   Neg

Arrow Electronics Guides Q4 In Line With View - Quick Facts

Arrow Electronics, Inc. (ARW) on Thursday projected adjusted earnings for the fourth quarter in a range of $2.46 to $2.62 per share on total sales between $7.7 billion and $8.1 billion, with global components sales between $5.175 billion and $5.375, and global enterprise computing solutions sales between $2.525 billion and $2.725 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $2.62 per share on sales of $7.89 billion for the quarter. Analysts' estimates typically exclude special items.

At the midpoints of the fourth-quarter guidance ranges, full-year 2018 sales would total about $29.66 billion. Full-year 2018 adjusted earnings is projected to total about $8.80 per share. Street is looking for earnings of $8.86 per share on sales of $29.54 billion for the year.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Walmart Inc. has launched a nationwide drive to boost COVID-19 vaccination rates by reaching out to more residents in vulnerable communities. The retail giant will organize a series of community events at 43 locations in 18 states to administer the COVID-19 vaccine. Walmart said it plans to continue these new events over the next several weeks as vaccine allocations allow. Pfizer Inc. (PFE) and OPKO Health Inc. (OPK) announced Friday that the European Medicines Agency or EMA has validated for review the Marketing Authorization Application for somatrogon. Pfizer expects a decision from the European Commission in 2022. The company said somatrogon is a long-acting recombinant... German telecom giant Deutsche Telekom AG reported Friday strong growth in fourth-quarter profit mainly driven by T-Mobile US results following the takeover of the competitor Sprint. Looking ahead for fiscal 2021, the company projects higher adjusted EBITDA AL, a key earnings metric.
Follow RTT