Ingram Micro Down on Warning, Estimates Cut
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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