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Arrow Electronics Inc. (NYSE: ARW), Centennial, CO, reported sales for the second quarter of $6.5 billion, an increase of 8.3 percent year-over-year. Profit decreased 25.8 percent to $99.7 million.
For the quarter, global components sales increased 16 percent year-over-year to $4.5 billion, with sales in the Americas up 15 percent, sales in Europe up 13 percent and sales in Asia-Pacific up 21 percent. Global enterprise computing solutions sales decreased year-over-year to $2 billion.
Year-to-date sales were $12.2 billion, an increase of 6.8 percent over the prior-year period. Profit decreased 11.3 percent to $213.4 million.