Arrow Electronics, Inc. (NYSE:ARW) is expected to report third quarter earnings results, before market open, on Thursday 29th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 1.66 per share.
Looking ahead, the full year income are expected at $ 6.40 per share on the revenues of $ 26921.60 million.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 1.54 ~ $ 1.70 per share, while revenues are expected in a range of $ 6,325.00 million ~ $ 6,925.00 million
Click Here For More Historical Outlooks Of Arrow Electronics, Inc.
Previous Quarter Performance
Arrow Electronics, Inc. recorded income for the second quarter of $ 1.59 per share, from the revenue of $ 6,606.00 million. The quarterly earnings shrunk 0.63 percent while revenues reduced 10.06 percent compared with the same quarter last year.
Street analysts expected Arrow Electronics, Inc. to report income of $ 1.45 per share on revenue of $ 6372.00 million for the second quarter. The bottom line results beat street analysts by $ 0.14 or 9.66 percent, at the same time, top line results outshined analysts by $ 234.00 million or 3.67 percent.
Stock Performance
Shares of Arrow Electronics, Inc. traded low $ -2.99 or -3.76 percent on Wednesday, reaching $ 76.55 with volume of 444.20 thousand shares. Arrow Electronics, Inc. has traded high as $ 78.34 and has cracked $ 76.46 on the downward trend
According to the previous trading day, closing price of $ 76.55, representing a 102.65 % increase from the 52 week low of $ 39.25 and a 7.3 % decrease over the 52 week high of $ 85.80.
The company has a market capital of $ 5.94 billion and is part of the Technology sector and Electronics Distribution industry.
Conference Call
Arrow Electronics, Inc. will be hosting a conference call at 1:00 PM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.arrow.com
Arrow Electronics, Inc. provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions worldwide. The company operates in two segments, Global Components and Global Enterprise Computing Solutions.
