Arrow Electronics reports Q2 EPS $2.43, consensus $2.05

Reports Q2 revenue $7.58B, consensus $7.12B. “I am pleased to report we delivered both consolidated and segment revenues, as well as earnings per share, that exceeded our guidance ranges,” said Sean Kerins, CEO. “In our global components business, while momentum in Asia was especially strong, we enjoyed sequential growth in all three operating regions. In addition, our leading indicators continue to suggest that a modest cyclical recovery is in flight.”