Arrow Electronics' Q3 Earnings Beat Estimates, Revenues Fall Y/Y

Arrow Electronics (ARW) reported third-quarter 2024 adjusted earnings of $2.38 per share, which beat the Zacks Consensus Estimate by 6.73%. However, the bottom line declined 42.5% year over year due to lower revenues, cyclical headwinds and unfavorable foreign currency exchange rates. In the third quarter, ARW reported revenues of $6.82 billion, down 14.78% from the year-ago quarter’s level. However, the top line beat the Zacks Consensus Estimate by 1.21%.Find the latest EPS estimates and surprises on Zacks ...