CENTENIAL, Colorado (AP) _ Arrow Electronics Inc. (ARW) on Thursday reported fourth-quarter revenue of $349.4 million.
Colorado-based Centennial said it had net earnings of $5.66 per share. Earnings, adjusted for one-off gains and charges, were $5.69 per share.
The results exceeded Wall Street expectations. The average estimate of his five analysts surveyed by Zacks Investment Research was $5.68 per share.
The electronics maker topped Street’s expectations with $9.32 billion in revenue for the period. His four analysts surveyed by Zacks had expected $9.19 billion.
For the year, the company reported earnings of $1.43 billion, or $21.80 per share. Earnings he was reported at $37.12 billion.
Arrow Electronics expects earnings per share of $4.40 to $4.60 for the quarter ending March.
The company expects first-quarter revenue to be between $8.33 billion and $8.93 billion.
Arrow Electronics shares are up 15% year-to-date. The stock has fallen 3% over the past 12 months.
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This article was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access the Zacks Equity Report for ARW at https://www.zacks.com/ap/ARW.
