Arrow Electronics (ARW) reported Q1 non-GAAP earnings Thursday of $1.80 per diluted share, down from $2.41 a year earlier.
Analysts polled by FactSet expected $1.49.
Sales for the quarter ended March 29 were $6.81 billion, down from $6.92 billion a year earlier.
Analysts surveyed by FactSet expected $6.36 billion.
The company said it expects Q2 non-GAAP diluted EPS of between $1.90 and $2.10 and sales between $6.70 billion and $7.30 billion. Analysts polled by FactSet expect $2.11 and $6.70 billion respectively.
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