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Investing.com - Arrow Electronics reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Arrow Electronics announced earnings per share of $5.45 on revenue of $9.27B. Analysts polled by Investing.com EPS of $5.38 on revenue of $9.28B.
Arrow Electronics 's are down 26.01% and is trading at $102.07 , still down 26.01% from its 52 week high of $137.95 set on Wednesday, January 5, 2022.
Arrow Electronics shares gained 1.77% to trade at $102.07 in intra-day trade the report.
Arrow Electronics follows other major Information Technology sector earnings this month
Arrow Electronics's report follows an earnings beat by Apple on Thursday, October 27, 2022, who reported EPS of $1.29 on revenue of $90.1B, EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on Tuesday, October 25, 2022 with first quarter EPS of $2.35 on revenue of $50.1B, for EPS of $2.32 on revenue of $49.86B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar