Arrow Electronics (NYSE:ARW) reported quarterly earnings of $5.69 per share which beat the analyst consensus estimate of $5.68 by 0.18 percent. This is a 5.96 percent increase over earnings of $5.37 per share from the same period last year. The company reported quarterly sales of $9.32 billion which beat the analyst consensus estimate of $9.31 billion by 0.14 percent. This is a 3.41 percent increase over sales of $9.02 billion the same period last year.
Top 3 Tech And Telecom Stocks You May Want To Dump In October
The most overbought stocks in the communication services sector presents an opportunity to go short on these overvalued companies.
