Arrow Electronics (ARW) Tops Q4 EPS by 11c; Issues Solid Q1 Outlook

Arrow Electronics (NYSE: ARW) reported Q4 EPS of $1.94, $0.11 better than the analyst estimate of $1.83. Revenue for the quarter came in at $6.75 billion versus the consensus estimate of $6.36 billion.

GUIDANCE:

Arrow Electronics sees Q1 2016 EPS of $1.34-$1.46, versus the consensus of $1.34. Arrow Electronics sees Q1 2016 revenue of $5.25-5.65 million, versus the consensus of $5.32 million.

“Our strong execution during the fourth quarter drove record results. Both our global components and enterprise computing solutions businesses produced sales that were above the high end of our expectations resulting in earnings per share of $1.94 that was also above the high end of what we had anticipated,” said Michael J. Long, chairman, president, and chief executive officer. “We continue to differentiate our businesses with our focus on design and value-added services for global components, and our solution-selling approach for enterprise computing solutions.”

For earnings history and earnings-related data on Arrow Electronics (ARW) click here.

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