Arrow Elec beats by $0.04, beats on revs; guides Q3 EPS in-line, revs in-line
Reports Q2 (Jun) earnings of $1.54 per share, excluding non-recurring items, $0.04 better than the Capital IQ Consensus Estimate of $1.50; revenues rose 2.7% year/year to $5.83 bln vs the $5.72 bln consensus.
- Co issues in-line guidance for Q3, sees EPS of $1.40-1.52 vs. $1.42 Capital IQ Consensus Estimate; sees Q3 revs of $5.55-5.95 bln vs. $5.65 bln Capital IQ Consensus Estimate.