Arrow Electronics Reports Good Results

Arrow Electronics Inc. posted Q3 net profits of $135.5 million, up from $117.8 million, on turnover which grew 17% to $6.93 billion from $5.94 billion. For the nine months profits slipped to $351.4 million from $359.8 million on revenue of $19.18 billion, up 10% from $17.38 billion. The company said that it was its third successive quarter of record results.