CENTENNIAL, Colo. (AP) _ Arrow Electronics Inc. (ARW) on Thursday reported third-quarter net income of $290 million.

The Centennial, Colorado-based company said it had net income of $4 per share. Earnings, adjusted for one-time gains and costs, came to $4.04 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.52 per share.

The electronics maker posted revenue of $8.51 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $8.49 billion.

For the current quarter ending in December, Arrow Electronics expects its per-share earnings to range from $4.37 to $4.53.

The company said it expects revenue in the range of $8.55 billion to $9.15 billion for the fiscal fourth quarter.

Arrow Electronics shares have risen 22% since the beginning of the year. The stock has increased 46% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ARW at https://www.zacks.com/ap/ARW

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