Luis Alvarez Investment summary My previous investment thoughts on Arrow Electronics (NYSE:ARW) (published on 23 May) was a buy rating, as various indicators have pointed to ARW reaching the end of this cycle. I remain buy-rated as the timing of a recovery cycle is getting increasingly visible and, by my estimate, should happen in 4Q24. 2Q24 results update Released a few days ago, ARW once again reported positive results that support my bullish views on the stock. Total revenue was flattish sequentially, co ...

Arrow Electronics (ARW) reported second-quarter 2024 adjusted earnings of $2.78 per share, which beat the Zacks Consensus Estimate by 28.7%. However, the bottom line declined 36.4% on a year-over-year basis (down 36% at cc) due to lower revenues and unfavorable foreign currency exchange rates. In the second quarter, ARW reported revenues of $6.89 billion, down 19% from the year-ago quarter's level (down 19% at cc). However, the top line beat the Zacks Consensus Estimate by 5.91%. Second-Quarter Details In t ...

Arrow Electronics, Inc. (NYSE:ARW) Q2 2024 Earnings Conference Call August 1, 2024 1:00 PM ET Company Participants Brad Windbigler – Treasurer and Vice President of Investor Relations Sean Kerins – President and Chief Executive Officer Raj Agrawal – Chief Financial Officer Conference Call Participants Melissa Fairbanks – Raymond James Matt Sheerin – Stifel William Stein – Truist Securities Joe Quatrochi – Wells Fargo Ruplu Bhattacharya – Bank of America Operator Good day, and welcome to the Arrow Electronic ...

Arrow Electronics Earnings Presentation Second Quarter 2024 August 1, 2024 Safe harbor This presentation includes "forward-looking" statements, as the term is defined under the federal securities laws, including but not limited to statements regarding: Arrow's future financial performance, including its outlook on financial results for the third quarter of fiscal 2024 such as sales, net income per diluted share, non-GAAP net income per diluted share, average tax rate, interest and other expense, impact to s ...

For the quarter ended June 2024, Arrow Electronics (ARW) reported revenue of $6.89 billion, down 19.1% over the same period last year. EPS came in at $2.78, compared to $4.37 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $6.51 billion, representing a surprise of +5.91%. The company delivered an EPS surprise of +28.70%, with the consensus EPS estimate being $2.16.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall St ...

Arrow Electronics (ARW) came out with quarterly earnings of $2.78 per share, beating the Zacks Consensus Estimate of $2.16 per share. This compares to earnings of $4.37 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 28.70%. A quarter ago, it was expected that this electronics maker would post earnings of $2.31 per share when it actually produced earnings of $2.41, delivering a surprise of 4.33%.Over the last four quarters, th ...

ARROW ELECTRONICS, INC. 9151 EAST PANORAMA CIRCLE CENTENNIAL, CO 80112 303-824-4000 NEWS Arrow Electronics Reports Second-Quarter 2024 Results Exhibit 99.1 -- Sales of $6.9 billion, exceeding guidance -- -- Second-Quarter Earnings Per Diluted Share of $2.01; Non-GAAP Earnings Per Diluted Share of $2.78 -- CENTENNIAL, Colo.--(BUSINESS WIRE)- Aug. 1, 2024--Arrow Electronics, Inc. (NYSE:ARW) today announced financial results for its second quarter of 2024. "We continued to execute well in an evolving market en ...

Arrow Electronics (ARW) has announced a groundbreaking data-communication reference design for electric vehicle (EV) charging, potentially revolutionizing the EV supply equipment (EVSE) market. This development comes at a crucial time as the automotive industry continues its rapid shift toward electrification.The new reference design combines advanced software stacks for cutting-edge protocols with a HomePlug Green PHY hardware module. This integration is set to significantly reduce time-to-market for EVSE ...

Arrow Electronics (ARW) has unveiled an innovative AI-powered steering system that promises to redefine the future of vehicle control in a groundbreaking development for mobility technology.This cutting-edge system, designed for ARW's Semi-Autonomous Mobility Car, utilizes facial recognition technology and is built around an advanced NVIDIA processor.The new steering mechanism was tested by quadriplegic racecar driver Sam Schmidt, who successfully maneuvered the vehicle at competitive speeds using only head ...

Arrow Electronics (ARW) is a Zacks Rank #5 (Strong Sell) as earnings estimates have tracked lower after a recent earnings beat.  The company makes electronic components for a wide range of industries. This article will look at why this stock is a Zacks Rank #5 (Strong Sell) as it is the Bear of the Day.DescriptionArrow Electronics, Inc. engages in the provision of products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions. It operates und ...