Arrow Electronics, a leading electronics component distributor, saw its stock price plummet by 9.90% in pre-market trading on Thursday, following its mixed fourth-quarter earnings report and weak guidance for the upcoming quarter.
While the company reported better-than-expected earnings for the fourth quarter, with adjusted earnings per share of $2.97 surpassing analysts' estimates of $2.69, its outlook for the first quarter of the fiscal year dampened investor sentiment.
Arrow Electronics expects its earnings per share for the first quarter to range between $1.30 and $1.50, significantly lower than analysts' expectations. Additionally, the company forecasted revenue between $5.98 billion and $6.58 billion, which also fell short of market projections.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。