The company's profit came in at $230.65 million, or $2.63 per share. This compares with $53.65 million, or $0.60 per share, in last year's fourth quarter.
Excluding items, Arrow Electronics Inc. reported adjusted earnings of $225.22 million or $2.57 per share for the period.
The company's revenue for the quarter climbed 5% to $7.92 billion from $7.54 billion last year.
Arrow Electronics Inc. earnings at a glance:
-Earnings (Q4): $225.22 Mln. vs. $222.15 Mln. last year. -EPS (Q4): $2.57 vs. $2.49 last year. -Revenue (Q4): $7.92 Bln vs. $7.54 Bln last year.
Read the original article on RTTNews (https://www.rttnews.com/2977352/arrow-electronics-inc-q4-adjusted-earnings-of-2-57-per-share.aspx)
For comments and feedback: contact email@example.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.