Arrow Electronics Reports Second-Quarter 2020 Results
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Arrow Electronics (ARW) Tops Q2 EPS by 23c, Revenues Beat; Offers 3Q EPS Guidance Above Consensus, Provides 3Q Revenue Outlook
July 30, 2020 8:06 AM EDTArrow Electronics (NYSE: ARW) reported Q2 EPS of $1.68, $0.23 better than the analyst estimate of $1.45. Revenue for the quarter came in at $6.6 billion versus the consensus estimate of $6.37 billion.
Arrow has again proven to be a source of reliability and stability for suppliers and customers amidst supply chain disruptions and an uncertain economic backdrop. Our efforts to expand our engineering and design expertise both prior to and during the COVID-19 pandemic are helping customers quickly get back to business, said Michael J. Long, chairman, president, and chief executive officer. In turn, our vital position in the... More
