Ingram Micro reaffirms Q4 outlook

 

30 November 2006 — Santa Ana (CA): Ingram Micro has reaffirmed its guidance for Q4.

 

Sales are expected to range from $8.4 billion to $8.65 billion. Net income is expected to be in the range of $85 million to $92 million or diluted EPS of between $0.50 and $0.54.

 

Gregory Spierkel CEO said: "We expect to reach record sales this quarter, based on our guidance."

 

He continued: "Our expected year-over-year sales growth of 6 to 9 percent exceeds third-party reports of overall IT spending trends. Demand remains stable and our regions continue to perform well."