Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:Arrow Electronics, Inc. (ARW) is an industrial and commercial electronic components provider. The Zacks Consensus Estimate for its current year earnings has been revised 20.8% downward over the last 60 days.Cedar Fair, L.P. (FUN) is a resort and entertainment company. The Zacks Consensus Estimate for its current year earnings has been revised 6.5% downward over the last 60 days.EssilorLuxottica Société anonyme (ESLOY) is an eyewear co ...

CENTENNIAL, Colo. & MUNICH--(BUSINESS WIRE)--Arrow Electronics, Inc. (NYSE:ARW) and its engineering services company, eInfochips, are working with Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) to help eInfochips’ customers accelerate the development of electric vehicle (EV) chargers. Development of EV chargers, especially DC “fast chargers,” is becoming increasingly challenging to equipment manufacturers due to several factors, such as lack of prior experience, stringent functional safety and reliabil ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-4482 ARROW ELECTRONICS, INC. (Exact name of registrant as specified in its charter) New York 11-1806155 (State or other jurisdiction of (I.R.S. Em ...

Arrow Electronics (ARW) reported fourth-quarter 2023 adjusted earnings of $3.98 per share, which beat the Zacks Consensus Estimate by 7.57%. However, the bottom line declined 30% on a year-over-year basis (down 31% in cc) due to lower revenues and unfavorable foreign currency exchange rates.In the fourth quarter, ARW reported revenues of $7.84 billion, down 16% from the year-ago quarter's level (down 31% at cc). The top line beat the Zacks Consensus Estimate by 0.41% due to the adverse impact of foreign exc ...

Arrow Electronics, Inc (NYSE:ARW) Q4 2023 Earnings Call Transcript February 8, 2024 1:00 PM ET Company Participants Anthony Bencivenga - Vice President, Investor Relations Sean Kerins - President and Chief Executive Officer Raj Agrawal - Chief Financial Officer Conference Call Participants Matt Sheerin - Stifel Melissa Fairbanks - Raymond James Joe Quatrochi - Wells Fargo Securities William Stein - Truist Securities Ruplu Bhattacharya - BofA Merrill Lynch Operator Good day, and welcome to Arrow Electronics ...

For the quarter ended December 2023, Arrow Electronics (ARW) reported revenue of $7.85 billion, down 15.8% over the same period last year. EPS came in at $3.98, compared to $5.69 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $7.82 billion, representing a surprise of +0.41%. The company delivered an EPS surprise of +7.57%, with the consensus EPS estimate being $3.70.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- a ...

Wall Street analysts forecast that Arrow Electronics (ARW) will report quarterly earnings of $3.70 per share in its upcoming release, pointing to a year-over-year decline of 35%. It is anticipated that revenues will amount to $7.82 billion, exhibiting a decline of 16.2% compared to the year-ago quarter.The current level reflects a downward revision of 2.5% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised ...

CENTENNIAL, Colo.--(BUSINESS WIRE)--Arrow Electronics, Inc. (NYSE:ARW) has again been named to FORTUNE’s World’s Most Admired Companies list, topping the “Wholesalers: Electronics and Office Equipment” category for the 11th consecutive year. This marks the 24th time Arrow has appeared on the listing that is based on input from industry executives, directors and analysts. Arrow topped all nine key attributes in the World’s Most Admired Companies list, including innovation, people management, use of corpora ...

CENTENNIAL, Colo.--(BUSINESS WIRE)--Arrow Electronics, Inc. (NYSE:ARW), a global provider of technology solutions, and its engineering services company, eInfochips, have announced the expansion of its Automotive Centre of Excellence (CoE) in Egypt to assist customers in the development of next-gen automotive products. Arrow’s Automotive CoE addresses the opportunities and helps resolve the challenges associated with connected, autonomous and electrification technologies in the automotive industry. The comp ...

The market expects Arrow Electronics (ARW) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if ...