Materiality pending
Public signal · 1-minute delayed
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What happened, with direct paths to the underlying reporting
- ARW reported first-quarter adjusted earnings of $2.41 per share, beating estimates by 4.33%. - Revenues were $6.92 billion, down 21% YoY, missing estimates by 1.1% due to FX rates. - Global Component sales dropped 24%, while Global ECS revenues decreased 8% YoY. - Second-quarter 2024 sales estimated between $6.2 billion and $6.8 billion. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings
- ARW reported first-quarter adjusted earnings of $2.41 per share, beating estimates by 4.33%.
- Revenues were $6.92 billion, down 21% YoY, missing estimates by 1.1% due to FX rates.
- Global Component sales dropped 24%, while Global ECS revenues decreased 8% YoY.
- Second-quarter 2024 sales estimated between $6.2 billion and $6.8 billion.
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