Arrow Electronics (ARW) reported Q3 non-GAAP earnings Thursday of $2.38 per diluted share, down from $4.14 a year earlier.
Analysts polled by Capital IQ expected $2.22.
Sales for the quarter ended Sept. 28 were $6.82 billion, compared with $8.01 billion a year earlier.
Analysts polled by Capital IQ expected $6.73 billion.
The company said it expects Q4 non-GAAP EPS of $2.48 to $2.68 and sales of $6.67 billion to $7.27 billion. Analysts polled by Capital IQ expect $3.43 in earnings on revenue of $7.25 billion.
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