Comment on Arrow earnings send its stock to new high

Arrow earnings send its stock to new high

Melville-based Arrow Electronics' stock hit its all-time high Wednesday on better than expected first quarter earnings. Nineteen minutes after the opening bell, the global electronic distributor's stock price briefly spiked to $47.50 from $45.02. The company reported profits of $136.3 million for the quarter, a 57 percent increase over the same period last year.

 

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