Arrow Electronics Earnings: Everything You Must Know Now

Arrow Electronics, Inc. (NYSE:ARW) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Arrow Electronics, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 0.9% to $1.12 in the quarter versus EPS of $1.11 in the year-earlier quarter.

Revenue: Rose 3.02% to $5.31 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Arrow Electronics, Inc. reported adjusted EPS income of $1.12 per share. By that measure, the company beat the mean analyst estimate of $1.03. It beat the average revenue estimate of $5.13 billion.

Quoting Management: “We executed very well in the second quarter, with revenue at the top end of our guidance and non-GAAP earnings per share well ahead of our expectations. In our components segment, we saw each of our regions post sales above the high end of normal sequential seasonality. Our enterprise computing solutions business performed especially well, with our 14th consecutive quarter of year-over-year organic growth and operating margins at the highest level in five years,” said Michael J. Long, chairman, president, and chief executive officer. “Our differentiated value-added strategy continues to drive strong financial performance.”

Key Stats (on next page)…

Revenue increased 9.41% from $4.85 billion in the previous quarter. EPS increased 25.84% from $0.89 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.06 to a profit $1.03. For the current year, the average estimate has moved down from a profit of $4.32 to a profit of $4.26 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)