Arrow Electronics (NYSE:ARW) reported its Q1 earnings results on Thursday, May 5, 2022 at 08:00 AM.
Here's what investors need to know about the announcement.
Earnings
Arrow Electronics beat estimated earnings by 19.08%, reporting an EPS of $5.43 versus an estimate of $4.56.
Revenue was up $688.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.93 which was followed by a 1.14% drop in the share price the next day.
Here's a look at Arrow Electronics's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 4.44 | 3.54 | 2.96 | 2.30 |
| EPS Actual | 5.37 | 4.04 | 3.34 | 2.84 |
| Revenue Estimate | 8.92B | 8.59B | 8.53B | 8.00B |
| Revenue Actual | 9.02B | 8.51B | 8.56B | 8.39B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Arrow Electronics management provided guidance for Q2 2022, expecting earnings between $5.48 and $5.64 per share.
To track all earnings releases for Arrow Electronics visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
