Ingram Micro Inc. (IM) Misses Q1 EPS by 2c, Provides Outlook
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Ingram Micro Inc. (NYSE: IM) reported Q1 EPS of $0.41, $0.02 worse than the analyst estimate of $0.43. Revenue for the quarter came in at $10.26 billion versus the consensus estimate of $10.1 billion.
For the 2013 second quarter, the company currently expects a 1 to 4 percent sequential increase in revenue, with consolidated gross margin flat to slightly up. The company's expectations are based on operating leverage, stronger contribution from higher margin areas, growth in emerging markets and continued recovery in Australia.
For earnings history and earnings-related data on Ingram Micro Inc. (IM) click here.
For the 2013 second quarter, the company currently expects a 1 to 4 percent sequential increase in revenue, with consolidated gross margin flat to slightly up. The company's expectations are based on operating leverage, stronger contribution from higher margin areas, growth in emerging markets and continued recovery in Australia.
For earnings history and earnings-related data on Ingram Micro Inc. (IM) click here.
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