MELVILLE, USA: Arrow Electronics Inc. announced it now expects revenue to be $3.8 to $4.2 billion for the quarter ended December 31, 2009. The company now expects earnings per share, on a diluted basis, to be between $.57 and $.63 per share.
The company’s previous guidance was for revenue of $3.65 to $4.25 billion and earnings per share, on a diluted basis, of $.44 to $.56.
The Company noted that the improved outlook was a result of stronger than expected growth in the components business. The company did not change its outlook on the global enterprise computing solutions business since sales in the last few weeks of December, which typically account for a significant portion of the quarter’s revenue, would be a determining factor in the actual revenue and earnings achieved.
Arrow Electronics is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions.
Headquartered in Melville, New York, Arrow serves as a supply channel partner for approximately 700 suppliers and approximately 140,000 original equipment manufacturers, contract manufacturers and commercial customers through a global network of more than 300 locations in 50 countries and territories.
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