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

Zacks11-02

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 ...

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However, the bottom line declined 42.5% year over year due to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/arrow-electronics-q3-earnings-beat-170400072.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Arrow Electronics' Q3 Earnings Beat Estimates, Revenues Fall Y/Y</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nArrow Electronics' Q3 Earnings Beat Estimates, Revenues Fall Y/Y\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-02 01:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/arrow-electronics-q3-earnings-beat-170400072.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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 ...</p>\n\n<a href=\"https://finance.yahoo.com/news/arrow-electronics-q3-earnings-beat-170400072.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ARW","symbol_name":"艾睿","start_time":0,"source_url":"https://finance.yahoo.com/news/arrow-electronics-q3-earnings-beat-170400072.html","article_id":"2480856492","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/ol00HQm_ntvoHopCAiUfEA--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/92a716e9bbcebae7ba9eb9eca36936f2"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2480856492","pubTimestamp":1730480640,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"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 Earnings Calendar.Arrow Electronics, Inc. Price, Consensus and EPS Surprise. Arrow Electronics, Inc. price-consensus-eps-surprise-chart | Arrow Electronics, Inc. Quote. Currently, Arrow Electronics carries a Zacks Rank #3 .Monday.com MNDY, Palo Alto Networks PANW and BlackLine BL are some better-ranked stocks that investors can consider in the broader sector. MNDY and BL each sport a Zacks Rank #1 , while PANW carries","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"ARW":"艾睿"},"translate_title":"Arrow Electronics第三季度盈利超出预期，收入同比下降","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ARW":1},"content_text":"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 Earnings Calendar.\n\nArrow Electronics, Inc. Price, Consensus and EPS Surprise\n\nArrow Electronics, Inc. price-consensus-eps-surprise-chart | Arrow Electronics, Inc. Quote\n\nThird-Quarter Details\nIn the third quarter of 2024, Global Component sales decreased 20.8% year over year to $4.9 billion, primarily due to the prolonged semiconductor inventory correction. Region-wise, the segment’s revenues from EMEA declined 35.1%, as well as sales from the Americas and Asia-Pacific regions plunged 12.3% and 15.49%, respectively.Global Enterprise Computing Solutions (ECS) revenues were $1.87 billion, which increased 6.5% year over year. Region-wise, the segment’s revenues from America and EMEA increased 1.6% and 13.17%, respectively. The non-GAAP operating income from Global Components and Global ECS was $189 million and $76 million, respectively.Arrow Electronics’ non-GAAP operating income plunged 43.3% to $215 million in the third quarter of 2024 from the year-ago quarter. The non-GAAP operating margin shrunk 150 basis points to 3.2%.\nBalance Sheet and Cash Flow\nArrow Electronics exited the third quarter with cash and cash equivalents of $248 million compared with the previous quarter’s $213 million.The long-term debt was $2.36 billion, down from $2.48 billion at the end of the previous quarter.The New York-based electronic component distributor generated $80.55 million in cash from operating activities in the reported quarter. In the third quarter of 2024, ARW returned $50 million to its shareholders through share repurchases. It has approximately $375 million remaining under its current share repurchase authorization.\nFourth-Quarter 2024 Guidance\nFor the fourth quarter of 2024, sales are estimated between $6.67 billion and $7.27 billion.\nGlobal Components sales are projected in the band of $4.5 billion and $4.9 billion. Global ECS sales are anticipated to be between $2.17 billion and $2.37 billion.Interest expenses are expected to be between $60 million and $65 million. As a result, the company projects non-GAAP earnings per share in the band of $2.48-$2.68.ARW expects changes in foreign currencies to be immaterial for the fourth-quarter sales and earnings.\nZacks Rank & Stocks to Consider\nCurrently, Arrow Electronics carries a Zacks Rank #3 (Hold).Monday.com MNDY, Palo Alto Networks PANW and BlackLine BL are some better-ranked stocks that investors can consider in the broader sector. MNDY and BL each sport a Zacks Rank #1 (Strong Buy), while PANW carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.Shares of MNDY have gained 56.4% year to date. The company is set to report third-quarter 2024 results on Nov. 11.Shares of PANW have climbed 22.2% year to date. It is slated to report first-quarter fiscal 2025 results on Nov. 20.Shares of BL have lost 11.3% year to date. The company is set to report third-quarter 2024 results on Nov. 7.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nArrow Electronics, Inc. (ARW) : Free Stock Analysis Report\nPalo Alto Networks, Inc. (PANW) : Free Stock Analysis Report\nBlackLine (BL) : Free Stock Analysis Report\nmonday.com Ltd. (MNDY) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2480856492"}