LOGO
LOGO

Breaking News

Arrow Electronics Guides Q2 Revenues Above Estimates - Update

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

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

For the second quarter, the company expects earnings in a range of $2.80 to $3.00 per share and adjusted earnings in a range of $1.90 to $2.10 per share on total sales between $6.70 billion and $7.30 billion, with global components sales between $4.80 billion and $5.20 billion, and global enterprise computing solutions sales between $1.90 billion to $2.10 billion.

On average, five analysts polled expect the company to report earnings of $2.07 per share on sales of $6.67 billion for the quarter. Analysts' estimates typically exclude special items.

The company said the outlook does not include an expected 2 to 4 percent increase from newly implemented tariffs on global components sales.

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

For comments and feedback contact: editorial@rttnews.com

Business News

Global Economics Weekly Update -May 18 – May 22, 2026

May 22, 2026 14:46 ET
Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.

RELATED NEWS
Latest Updates on COVID-19