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Five Companies That Dropped The Ball This Week

By Kevin McLaughlin CRN
11:00 AM ET Fri. Aug. 03, 2012
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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."

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