Plus   Neg

Arrow Electronics Guides Q3 Adj. EPS, Sales In Line With View - Quick Facts

While reporting financial results for the second quarter, Arrow Electronics, Inc. (ARW) on Thursday projected adjusted earnings for the third quarter in a range of $1.62 to $1.74 per share on total sales between $6.85 billion and $7.25 billion, with global components sales between $4.925 billion and $5.125 billion, and global enterprise computing solutions sales between $1.925 billion and $2.125 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $1.68 per share on sales of $7.23 billion for the quarter. Analysts' estimates typically exclude special items.

The company noted that the third-quarter outlook excludes the financial results from the PC and mobility asset disposition business.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Missouri City, Texas-based Adco Trading Inc. has recalled about 142,740 units of candles citing fire and burn risks, according to the U.S. Consumer Product Safety Commission. The recall involves Sure Scents 2-1 Peaceful Stream/Moonlit Waves Candles. The affected items were manufactured in United States and sold exclusively at Dollar Tree stores across the country from July 2020 through September 2 United Parcel Service imposed temporary shipping restrictions on some big retailers such as Nike, Macy's and Gap, due to the increased demand for online orders and delivery in this holiday season, media reports said quoting an email statement issued by the delivery giant. An advisory panel to the Centers for Disease Control and Prevention has proposed that healthcare workers and long-term facility residents be given the first doses of the COVID-19 vaccine when it is cleared for public use in the U.S. The CDC's Advisory Committee on Immunization Practices met virtually on Tuesday and panel passed the proposal 13-1.
Follow RTT