Ingram Micro Down on Warning, Estimates Cut

By TSC Staff ,

Ingram Micro (IM) was down 7.1% in early afternoon.

The computer products wholesaler warned late Wednesday its second-quarter revenue would be in the range of $5.8 billion to $6.0 billion. Analysts were expecting the company to earn 9 cents a share on $6.2 billion in revenue, according to

Thomson Financial/First Call

.

This morning,

JP Morgan

cut its second-quarter EPS estimate for Ingram to a loss of 2 cents a share.

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