Arrow Electronics Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St.11-01

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 ...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue exceeded analyst estimates by 1.4%. Earnings per share  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.The company's shares are down 10% from a week ago.Don't forget that there may still be risks. For instance, we've identified   3 warning signs for Arrow Electronics   you should be aware of.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"ARW":"艾睿"},"translate_title":"Arrow Electronics 2024年第三季度收益：超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ARW":1},"content_text":"Arrow Electronics (NYSE:ARW) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$6.82b (down 15% from 3Q 2023).\nNet income: US$100.6m (down 49% from 3Q 2023).\nProfit margin: 1.5% (down from 2.5% in 3Q 2023).\nEPS: US$1.90 (down from US$3.57 in 3Q 2023).\n\n\n\n\n  NYSE:ARW Earnings and Revenue Growth November 1st 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nArrow Electronics Revenues and Earnings Beat Expectations\n Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 4.4%. \n 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. \nPerformance of the American Electronic industry.\n The company's shares are down 10% from a week ago. \nRisk Analysis\n Don't forget that there may still be risks. For instance, we've identified   3 warning signs for Arrow Electronics (1 is a bit concerning)  you should be aware of. \nHave 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. 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