(Adds Outlook)
Arrow Electronics Inc. (ARW) reported a profit for fourth quarter that decreased from last year but beat the Street estimates.
The company's earnings totaled $195 million, or $3.54 per share. This compares with $349 million, or $5.66 per share, in last year's fourth quarter.
Excluding items, Arrow Electronics Inc. reported adjusted earnings of $219 million or $3.98 per share for the period.
Analysts on average had expected the company to earn $3.72 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 15.8% to $7.85 billion from $9.32 billion last year.
Outlook:
Looking ahead, for the first-quarter, Arrow Electronics has guided earnings below estimates, whereas sales outlook in line with the view.
For the quarter, ARW expects to post adjusted income per share of $2.20 to $2.40. On average, 6 analysts polled by Thomson Reuters project the firm to earn income per share of $2.85 per share. Analysts' estimates typically exclude special items.
Net income per share is projected to be in the range of $1.95 to $2.15. Consolidated sales are seen in the range of $6.70 billion to $7.30 billion, in line with the analysts' estimate of $7.2 billion.
Arrow Electronics Inc. Q4 earnings at a glance (GAAP) :
-Earnings (Q4): $195 Mln. vs. $349 Mln. last year.-EPS (Q4): $3.54 vs. $5.66 last year.-Analyst Estimates: $3.72-Revenue (Q4): $7.85 Bln vs. $9.32 Bln last year.
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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.