is comfortable with analysts' fourth-quarter earnings forecasts, as an inventory correction by a small number of its large customers, particularly in the networking and telecom arenas, won't prevent the company from meeting estimates.
According to a
First Call/Thomson Financial
poll, six analysts expect the Melville, N.Y., electronic components and computer parts distributor to earn $1.07 a share in the fourth quarter, up from 46 cents a share in the same period last year.
Shares of Arrow were recently up 63 cents, or 2.7%, to $23.50 in
New York Stock Exchange