Arrow Electronics Reports Fourth-Quarter and Year-End 2019 Results
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Arrow Electronics (ARW) Tops Q4 EPS by 3c, Revenues Beat; Offers Q1 EPS Guidance Below Consensus, Q1 Revenue Mid-Point Outlook Below Consensus
February 6, 2020 8:03 AM ESTArrow Electronics (NYSE: ARW) reported Q4 EPS of $2.20, $0.03 better than the analyst estimate of $2.17. Revenue for the quarter came in at $7.34 billion versus the consensus estimate of $7.33 billion.
Arrows commitment to delivering unmatched engineering and design services to customers on behalf of our suppliers is serving the company well during the ongoing industry correction, said Michael J. Long, chairman, president, and chief executive officer. Global components sales and margin performance continue to demonstrate greater resiliency compared to past economic and semiconductor industry corrections. As we prepare for economic recovery, we continue to increase... More
