NYSE:ARW - New York Stock Exchange, Inc. - US0427351004 - Common Stock
Over the past six months, Arrow Electronics’s shares (currently trading at $113.01) have posted a disappointing 10.8% loss, well below the S&P 500’s 5.3% gain. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Arrow Electronics (NYSE:ARW) and the best and worst performers in the engineered components and systems industry.
Although it’s more comforting to target enterprises that everybody else loves, there’s potential power in contrarian stocks.
ARW stock results show that Arrow Electronics beat analyst estimates for earnings per share but missed on revenue for the first quarter of 2024.
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