Five Companies That Dropped The Ball This Week


Arrow Electronics Misses Sales, Earnings Targets In Q2

Arrow Electronics missed Wall Street's expectations during its fiscal second quarter, and the distributor said it plans to trim some $20 million in costs as a result. Excluding one-time items, Arrow earned $1.11 per share, while Wall Street analysts were expecting $1.13 per share.

Arrow CEO Mike Long (left) chalked up the weakness to a "challenging macroeconomic environment that weakened throughout the quarter."