Arrow Electronics: Q1 Earnings Snapshot

CENTENNIAL, Colo. (AP) — CENTENNIAL, Colo. (AP) — Arrow Electronics Inc. (ARW) on Thursday reported first-quarter earnings of $273.8 million.

On a per-share basis, the Centennial, Colorado-based company said it had profit of $4.60.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $4.47 per share.

The electronics maker posted revenue of $8.74 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $8.62 billion.

For the current quarter ending in June, Arrow Electronics expects its per-share earnings to range from $4.25 to $4.45.

The company said it expects revenue in the range of $8.42 billion to $9.02 billion for the fiscal second quarter.

Arrow Electronics shares have risen 11% since the beginning of the year. The stock has fallen roughly 4% in the last 12 months.

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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