Investing.com - Arrow Electronics (NYSE:ARW) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Arrow Electronics announced earnings per share of $5.45 on revenue of $9.27B. Analysts polled by Investing.com anticipated EPS of $5.38 on revenue of $9.28B.
Arrow Electronics shares are down 26.01% from the beginning of the year, still down 26.01% from its 52 week high of $137.95 set on January 5.
Arrow Electronics shares gained 1.77% in intra-day trade following the report.
Arrow Electronics follows other major Information Technology sector earnings this month
Arrow Electronics's report follows an earnings beat by Apple on October 27, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on October 25 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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