April 11, 2021

Denoch Emexicana

For technology buffs

Arrow Electronics: 4Q Earnings Snapshot

1 min read

CENTENNIAL, Colo. (AP) _ Arrow Electronics Inc. (ARW) on Thursday reported fourth-quarter profit of $236.1 million.

The Centennial, Colorado-based company said it had net income of $3.08 per share. Earnings, adjusted for one-time gains and costs, were $3.17 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.65 per share.

The electronics maker posted revenue of $8.45 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $7.77 billion.

For the year, the company reported net income of $584.4 million, or $7.43 per share, swinging to a profit in the period. Revenue was reported as $28.67 billion.

For the current quarter ending in April, Arrow Electronics expects its per-share earnings to range from $2.17 to $2.33.

The company said it expects revenue in the range of $7.63 billion to $8.23 billion for the fiscal first quarter.

Arrow Electronics shares have climbed almost 3% since the beginning of the year. The stock has risen 32% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ARW at https://www.zacks.com/ap/ARW

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