Arrow Electronics Inc. Q3 adjusted earnings Beat Estimates

(RTTNews) - Arrow Electronics Inc. (ARW) reported earnings for its third quarter that advanced from last year.

The company's earnings came in at $176.53 million, or $1.99 per share. This compares with $134.06 million, or $1.50 per share, in last year's third quarter.

Excluding items, Arrow Electronics Inc. reported adjusted earnings of $193.12 million or $2.18 per share for the period.

Analysts had expected the company to earn $2.16 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.2% to $7.49 billion from $6.86 billion last year.

Arrow Electronics Inc. earnings at a glance:

-Earnings (Q3): $193.12 Mln. vs. $161.15 Mln. last year. -EPS (Q3): $2.18 vs. $1.80 last year. -Analysts Estimate: $2.16 -Revenue (Q3): $7.49 Bln vs. $6.86 Bln last year.

-Guidance: Next quarter EPS guidance: $2.46 - $2.62 Next quarter revenue guidance: $7.7 - $8.1 Bln