Arrow Electronics Inc. Earnings Advance 3% In Q1

(RTTNews) - Arrow Electronics Inc. (ARW) revealed a profit for its first quarter that increased from last year.

The company said its bottom line came in at $132.22 million, or $1.43 per share. This was higher than $127.80 million, or $1.32 per share, in last year's first quarter.

Analysts had expected the company to earn $1.40 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 9.4% to $5.47 billion. This was up from $5.00 billion last year.

Arrow Electronics Inc. earnings at a glance:

-Earnings (Q1): $132.22 Mln. vs. $127.80 Mln. last year. -Earnings Growth (Y-o-Y): 3.5% -EPS (Q1): $1.43 vs. $1.32 last year. -EPS Growth (Y-o-Y): 8.3% -Analysts Estimate: $1.40 -Revenue (Q1): $5.47 Bln vs. $5.00 Bln last year. -Revenue Change (Y-o-Y): 9.4%

-Guidance: Next quarter EPS guidance: $1.59 - $1.71 Next quarter revenue guidance: $5.825 - $6.225 Bln