Arrow Electronics Guides Q3 In Line With Estimates - Update

RTTNews | 1070 days ago
Stocktwits
Arrow Electronics Guides Q3 In Line With Estimates - Update

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

For the third quarter, the company expects earnings in a range of $5.11 to $5.27 per share and adjusted earnings in a range of $5.27 to $5.43 per share on total sales between $8.92 billion and $9.52 billion, with global components sales between $7.17 billion and $7.47 billion, and global enterprise computing solutions sales between $1.75 billion to $2.05 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $5.36 per share on sales of $9.35 billion for the quarter. Analysts' estimates typically exclude special items.

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

Tags: ARW
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U.S. House Purchase Mortgage Applications Highest In Over 2 Years: MBA

U.S. House Purchase Mortgage Applications Highest In Over 2 Years: MBA

Home loan applications in the U.S. rose to their highest level since early 2023 in the week ended July 04, while mortgage rates eased only modestly, survey data from the Mortgage Bankers Association showed on Wednesday. The number of mortgage applications grew 9.4 percent from the previous week when it they rose 2.7 percent, the MBA said.
RTTNews | 1h 44min ago
Fed Minutes Reveal Mixed Views About Outlook For Interest Rates

Fed Minutes Reveal Mixed Views About Outlook For Interest Rates

The Federal Reserve on Wednesday released the minutes of its June monetary policy meeting, which revealed most participants generally agree the central bank is well positioned to wait for more clarity on the outlook for inflation and the economy before adjusting interest rates.
RTTNews | 3h 17min ago
U.S. Wholesale Inventories Dip In Line With Estimates In May

U.S. Wholesale Inventories Dip In Line With Estimates In May

A report released by the Commerce Department on Wednesday showed a modest decrease by wholesale inventories in the U.S. in the month of May. The Commerce Department said wholesale inventories fell by 0.3 percent in May after inching up by 0.1 percent in April. The pullback by inventories matched economist expectations as well as the flash estimate.
RTTNews | 7h 23min ago
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