Arrow Electronics Third Quarter 2024 Earnings: Beats Expectations

Arrow Electronics (NYSE:ARW) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$6.82b (down 15% from 3Q 2023).
• Net income: US$100.6m (down 49% from 3Q 2023).
• Profit margin: 1.5% (down from 2.5% in 3Q 2023).
• EPS: US$1.90 (down from US$3.57 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Arrow Electronics Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 4.4%.

Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Electronic industry in the US.

Performance of the American Electronic industry.

The company's shares are down 10% from a week ago.

Risk Analysis

Be aware that Arrow Electronics is showing 3 warning signs in our investment analysis and 1 of those doesn't sit too well with us...

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.