Arrow Electronics Inc. Q3 Income Advances 7%

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

The company said its bottom line advanced to $143.14 million, or $1.56 per share. This was up from $133.41 million, or $1.40 per share, in last year's third quarter.

Analysts had expected the company to earn $1.51 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.2% to $5.94 billion. This was up from $5.70 billion last year.

Arrow Electronics Inc. earnings at a glance:

-Earnings (Q3): $143.14 Mln. vs. $133.41 Mln. last year. -Earnings Growth (Y-o-Y): 7.3% -EPS (Q3): $1.56 vs. $1.40 last year. -EPS Growth (Y-o-Y): 11.4% -Analysts Estimate: $1.51 -Revenue (Q3): $5.94 Bln vs. $5.70 Bln last year. -Revenue Change (Y-o-Y): 4.2%

-Guidance: Next quarter EPS guidance: $1.92 - $2.08 Next quarter revenue guidance: $6.3 - $6.7 Bln Full year EPS guidance: $6.62 Full year revenue guidance: $23.88 Bln