IM reaffirms Q4 guidance


Ingram Micro (IM) has confirmed that it expects Q4 earnings to be in line with previously announced estimates.

The company, which will report its full Q4 results in late February, expects sales to range from $7 billion to $7.25 billion and net income to come in between $53 million and $59 million, as previously reported.

Chairman/CEO Kent Foster said: "We’re pleased with the progress we have made this year. Even excluding the benefits of the Tech Pacific acquisition, our sales guidance represents sequential growth of 11-15 per cent."

Santa Ana (CA)