Ingram Micro

(IM)

backed its third-quarter forecast Thursday, noting that demand remains stable.

The company, a distributor of IT products, expects to earn 29 cents to 33 cents a share for the quarter, with revenue of $7.3 billion to $7.5 billion.

The results include 3 cents a share for stock option expenses and 2 cents a share for incremental investments in information technology capabilities.

Analysts polled by Thomson First Call predict earnings of 32 cents a share and revenue of $7.41 billion.

"The quarter is proceeding in line with our expectations," Ingram Micro said. "Demand remains stable, within historical seasonal norms, and our growth and differentiation initiatives continue to gain traction and contribute to results."

The company's stock closed Thursday at $18, up 17 cents.

This story was created through a joint venture between TheStreet.com and IRIS.