Arrow Electronics (ARW) Misses Q1 EPS by 12c, Offers Q2 Guidance
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Arrow Electronics Reports First-Quarter 2020 Results
April 30, 2020 8:00 AM EDT-- Enabling Secure Work-from-Home Environments --
-- Dedicating Resources to Medical Equipment Production --
CENTENNIAL, Colo.--(BUSINESS WIRE)-- Arrow Electronics, Inc. (NYSE: ARW) today reported first-quarter 2020 sales of $6.38 billion, a decrease of 11 percent from sales of $7.16 billion in the first quarter of 2019. First-quarter sales, as adjusted, decreased 9 percent year over year. First-quarter net income of $50 million, or $.61 per share on a diluted basis, compared with net income of $141 million, or $1.63 per share on a diluted basis, in the first quarter of 2019.... More
