Arrow Electronics (ARW) Q2 Earnings Beat, Revenues Fall Y/Y

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 ...