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Arrow Electronics, Inc. (NYSE: ARW ) reported second-quarter sales of $8.51 billion in 2023 , down 10% year-over-year. Previously, its sales amount in the first quarter of 2023 were US$8.74 billion, down 4% year-on-year

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"Amid a soft semiconductor market and a complex information technology spending environment, Arrow delivered solid second-quarter results with revenue and EPS within the company's guidance," said Sean Kerins, Arrow President and Chief Executive Officer.


Despite declining sales, Arrow Electronics, Inc. maintained its leadership position in the distribution of electronic components. Arrow Electronics, Inc. is a global distributor of electronic components headquartered in the United States, founded in 1935. The company provides a wide range of electronic components, solutions and services to customers worldwide, covering multiple industries, including industrial, automotive, communications, aerospace, etc. Arrow Electronics, Inc., with its excellent supply chain management and technical support, provides customers with efficient and reliable services to help them succeed in the highly competitive market.

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