Arrow Electronics Inc. Reports 3% Increase In Q2 Earnings

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

The company said its bottom line totaled $152.74 million, or $1.65 per share. This was higher than $148.92 million, or $1.54 per share, in last year's second quarter.

Analysts had expected the company to earn $1.64 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.4% to $5.97 billion. This was up from $5.83 billion last year.

Arrow Electronics Inc. earnings at a glance:

-Earnings (Q2): $152.74 Mln. vs. $148.92 Mln. last year. -Earnings Growth (Y-o-Y): 2.6% -EPS (Q2): $1.65 vs. $1.54 last year. -EPS Growth (Y-o-Y): 7.1% -Analysts Estimate: $1.64 -Revenue (Q2): $5.97 Bln vs. $5.83 Bln last year. -Revenue Change (Y-o-Y): 2.4%

-Guidance: Next quarter EPS guidance: $1.45 - $1.57 Next quarter revenue guidance: $5.65 - 6.05 Bln