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Stock impact report

Arrow Electronics (ARW) Q1 Earnings Beat, Revenues Fall Y/Y [Yahoo! Finance]

Arrow Electronics, Inc. (ARW) 
Last arrow electronics, inc. earnings: 4/30 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
bottom line declined 30% on a year-over-year basis (down 48% at cc) due to lower revenues and unfavorable foreign currency exchange rates. In the first quarter, ARW reported revenues of $6.92 billion, down 21% from the year-ago quarter's level (down 21% at cc). The top line missed the Zacks Consensus Estimate by 1.1% due to the adverse impact of foreign exchange rates. Arrow Electronics, Inc. Price, Consensus and EPS Surprise Arrow Electronics, Inc. price-consensus-eps-surprise-chart | Arrow Electronics, Inc. Quote First-Quarter Details In the first quarter of 2024, Global Component sales decreased 24% year over year to $5.2 billion, primarily due to the ongoing semiconductor inventory correction. Region-wise, the segment's revenues from EMEA declined 26%, while sales from the Americas and Asia-Pacific regions plunged 29% and 18%, respectively. Global Enterprise Computing Solutions (ECS) revenues were $1.7 billion, which decreased 8% year over year. Region-wise, the segmen Show less Read more
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