Arrow Electronics: Q3 Earnings Snapshot

CENTENNIAL, Colo. (AP) — CENTENNIAL, Colo. (AP) — Arrow Electronics Inc. (ARW) on Thursday reported third-quarter earnings of $198.7 million.

The Centennial, Colorado-based company said it had profit of $3.53 per share. Earnings, adjusted for restructuring costs and amortization costs, came to $4.14 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $3.48 per share.

The electronics maker posted revenue of $8.01 billion in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $8.09 billion.

For the current quarter ending in December, Arrow Electronics expects its per-share earnings to range from $3.61 to $3.81.

The company said it expects revenue in the range of $7.5 billion to $8.1 billion for the fiscal fourth quarter.

Arrow Electronics shares have climbed roughly 9% since the beginning of the year. The stock has risen 11% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ARW at https://www.zacks.com/ap/ARW