Arrow Electronics beats expectations with $318.4 million in third-quarter profit
ARW Arrow Electronics Inc
$191.84 +5.94%
View chart & analysis → - 1Arrow Electronics recorded a third-quarter profit of $318.4 million.
- 2Arrow Electronics' earnings per share of $6.17 exceeded the average estimate of $4.98 from 3 analysts surveyed by Zacks Investment Research.
- 3Arrow Electronics expects earnings per share for the current quarter ending in December to be between $7 and $7.20.
So what's the key point?
Arrow Electronics made more profit in the third quarter than experts expected. The earnings per share for this quarter reached $6.17, surpassing expectations.
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