NYSE:ARWElectronic
Arrow Electronics (ARW) Stock Sells Off Despite Margin Expansion and EPS Surge
The market slammed Arrow Electronics on the earnings release, with the stock dropping about 8% on the day. That looks like an emotional reaction to a headline move rather than what is actually happening in the business. Arrow just printed roughly US$10.0b in Q2 revenue and more than US$5 in basic earnings per share, both well ahead of where the company sat a year ago. The real story is a sharp step up in profitability, not a collapse. This sets up a clear sentiment gap between the screen and...