Arrow Electronics Q4 Profit Decreases - Quick Facts

(RTTNews) - Arrow Electronics Inc. (ARW) reported fourth-quarter net income of $134.8 million, or $1.32 per share, compared to $174.7 million, or $1.62 per share, a year ago. Excluding certain items, net income was $172.0 million, or $1.69 per share in the fourth quarter of 2013.

On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $1.62 for the quarter. Analysts' estimates typically exclude special items.

Sales were $6.15 billion, an increase of 14 percent from $5.40 billion, prior year. Sales, as adjusted, increased 8 percent year over year. Analysts expected revenue of $5.82 billion for the quarter.

The company expects its first-quarter total sales will be between $5.1 billion and $5.5 billion, and earnings per share, excluding any charges, to be in the range of $1.14 to $1.26 per share. Analysts expect the company to report first-quarter profit per share of $1.23, on revenue of $5.32 billion.