UPDATE: Arrow Electronics (ARW) Tops Q4 EPS by 1c, Revenues Miss; Offers Q1 EPS/Revenue Guidance

Arrow Electronics (NYSE: ARW) reported Q4 EPS of $2.57, $0.01 better than the analyst estimate of $2.56. Revenue for the quarter came in at $7.92 billion versus the consensus estimate of $7.94 billion.

GUIDANCE

“As we look to the first quarter, we believe that total sales will be between $6.775 billion and $7.175 billion, with global components sales between $4.975 billion and $5.175 billion, and global enterprise computing solutions sales between $1.8 billion and $2.0 billion. As a result of this outlook, we expect earnings per share on a diluted basis, to be in the range of $1.61 to $1.73, and earnings per share on a diluted basis, excluding certain items1, to be in the range of $1.84 to $1.96 per share. Our guidance assumes an average tax rate at the high end of the long-term range of 23.5 to 25.5 percent, and average diluted shares outstanding of 87 million. We are expecting interest expense will total approximately $58 million. We are expecting the average USD-to-Euro exchange rate for the first quarter to be approximately $1.14 to €1. We estimate changes in foreign currencies will have a negative impact on growth of approximately $160 million, or 2 percent on sales, and $.08, or 4 percent, on earnings per share on a diluted basis compared to the first quarter of 2018,” said Mr. Stansbury.

GUIDANCE:

Arrow Electronics sees Q1EPS of $1.84-$1.96, versus the consensus of $1.90. Arrow Electronics sees Q1 revenue of $6.775-7.175 billion, versus the consensus of $7.04 billion.

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

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