Arrow Electronics Surges 7.7% on Strong Q3 Results
Arrow Electronics has reported a strong third quarter, with earnings and revenue exceeding expectations. The company's shares surged over 13% in early trading, closing up 7.7%. Current interim CEO, William 'Bill' F. Austen, guided the company to these impressive results.
Arrow Electronics' revenue for the quarter soared by 11% to $5.19 billion. This significant growth was accompanied by a rise in adjusted per-share earnings, which reached $1.20. These figures surpassed analyst estimates, leading to a boost in the company's stock price.
Following the departure of former CEO Sean Kerins, William 'Bill' F. Austen stepped in as interim President and CEO in September 2025. Austen's leadership has been instrumental in driving these positive results. He has guided the company to exceed earnings estimates, with a forecast of $1.25 to $1.37 per share for the fourth quarter.
Arrow Electronics' robust third-quarter performance, coupled with the positive outlook for the fourth quarter, reflects the company's resilience and growth potential under the interim leadership of William 'Bill' F. Austen. The company's shares responded positively to these developments, with a notable increase in value.
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