Benzinga | Jul 30, 2020 08:26AM EDT

Arrow Electronics Q2 EPS $1.59 Beats $1.44 Estimate, Sales $6.61B Beat $6.36B Estimate

Arrow Electronics (NYSE:ARW) reported quarterly earnings of $1.59 per share which beat the analyst consensus estimate of $1.44 by 10.42 percent. This is a 0.63 percent decrease over earnings of $1.60 per share from the same period last year. The company reported quarterly sales of $6.61 billion which beat the analyst consensus estimate of $6.36 billion by 3.87 percent. This is a 10.06 percent decrease over sales of $7.34 billion the same period last year.