Arrow Electronics' stock surged 5.29% in pre-market trading, following the release of its first-quarter financial results.
The company reported adjusted earnings per share of USD 5.22, significantly surpassing the IBES estimate of USD 2.85. Additionally, sales for the quarter came in at USD 9,474 million, well above the estimated USD 8,334 million.
This substantial earnings beat has driven investor optimism, leading to the sharp price increase ahead of the regular trading session.
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