|Bid||113.03 x 900|
|Ask||113.49 x 900|
|Day's Range||110.33 - 115.00|
|52 Week Range||58.16 - 119.44|
|Beta (5Y Monthly)||1.56|
|PE Ratio (TTM)||15.24|
|Earnings Date||May 06, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Dec. 17, 1986|
|1y Target Est||111.14|
Arrow Electronics (ARW) delivered earnings and revenue surprises of 25.11% and 5.09%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
Arrow Electronics, Inc. (NYSE:ARW) today reported first-quarter 2021 sales of $8.39 billion, an increase of 31 percent from sales of $6.38 billion in the first quarter of 2020. First-quarter net income was $206 million, or $2.72 per share on a diluted basis, compared with a net income of $50 million, or $0.61 per share on a diluted basis, in the first quarter of 2020. Non-GAAP net income1 was $216 million, or $2.84 per share on a diluted basis, in the first quarter of 2021, compared with non-GAAP net income of $79 million, or $0.97 per share on a diluted basis, in the first quarter of 2020.
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