Bull of the Day: Arrow Electronics

Arrow Electronics Inc. (ARW) reported solid results for the third quarter driven by strong growth across all geographies and products. Although the company faced tough times between late 2008 early 2009, performance has been improving steadily since then.

We expect overall demand and margins to improve as volumes ramp up. Earnings estimates for 2010 have increased in the last sixty days, driven by solid third quarter results and the accretive impact of recent acquisitions.

Estimates for the fourth quarter have also increased of late. In view of improved performance in the coming quarters, we maintain our OUTPERFORM recommendation.

ARROW ELECTRONI (ARW): Free Stock Analysis Report

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