09:54 AM EDT, 05/02/2024 (MT Newswires) -- Arrow Electronics ( ARW ) reported fiscal Q1 adjusted earnings Thursday of $2.41 per diluted share, compared with $4.60 a year earlier.

Analysts surveyed by Capital IQ expected $2.37.

Revenue for the quarter ended March 30 was $6.92 billion, compared with $8.74 billion a year earlier. Analysts surveyed by Capital IQ expected $7.04 billion.

The company said it expects Q2 adjusted EPS to be in a range of $2.05 to $2.25. Analysts surveyed by Capital IQ are expecting $2.60.

Shares of Arrow Electronics ( ARW ) were down 3.3% in recent trading.

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