Arrow Electronics (ARW) Tops Q4 EPS by 5c; Issues Mixed Q1 Guidance

Arrow Electronics (NYSE: ARW) reported Q4 EPS of $1.88, $0.05 better than the analyst estimate of $1.83. Revenue for the quarter came in at $6.4 billion versus the consensus estimate of $6.33 billion.

Arrow Electronics sees Q1 2015 EPS of $1.27-$1.39, versus the consensus of $1.36. Arrow Electronics sees Q1 2015 revenue of $4.9-5.3 billion, versus the consensus of $5.44 billion.

“In the fourth quarter we produced record results, completing an outstanding year. Earnings per share of $1.88 were above our expectations, with sales of $6.4 billion above the midpoint of our guidance. Our global components and enterprise computing solutions segments both delivered sales and operating income growth. The stable demand environment for global components matched our expectations. Our focus on the higher value portion of the datacenter resulted in record operating income for our enterprise computing solutions business,” said Michael J. Long, chairman, president, and chief executive officer.

For earnings history and earnings-related data on Arrow Electronics (ARW) click here.

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