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Ingram Micro Reaffirms View

The IT products company confirms revenue and EPS numbers on strong deman.
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SAN FRANCISCO --

Ingram Micro

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(IM)

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on Thursday reaffirmed guidance for the third quarter ending Sept. 29, citing solid demand.

The Santa Ana, Calif.-based IT products distributor forecast sales in the range of $8.3 billion to $8.5 billion, with net income ranging from $67 million to $71 million, or 38 cents to 40 cents a share.

Analysts at Thomson First Call forecast EPS of 39 on revenue of $8.41 billion for the quarter.

CEO Gregory Spierkel, said that the third quarter "is progressing as we expected," with solid demand worldwide. "Sales are expected to reach another quarterly record, with 11% to 13% growth vs. the year-ago

Shares of Ingram Micro closed the regular session flat at $18.85.