Arrow Electronics Issues Q1 Outlook

(RTTNews) - Arrow Electronics, Inc. (ARW) said the company expects first quarter net income per share in a range of $4.24 to $4.44, and non-GAAP net income per share of $4.40 to $4.60. Consolidated sales are estimated in a range of $8.33 billion to $8.93 billion, with global components sales of $6.55 billion to $6.85 billion, and global enterprise computing solutions sales of $1.78 billion to $2.08 billion. Analysts polled by Thomson Reuters expect the company to report profit per share of $4.14 on revenue of $8.25 billion. Analysts' estimates typically exclude special items.

Arrow Electronics also announced that its Board of Directors has approved an additional $1 billion to repurchase authorization.

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