Ingram Micro (IM) Misses Q1 EPS by 1c

Ingram Micro (NYSE: IM) reported Q1 EPS of $0.43, $0.01 worse than the analyst estimate of $0.44. Revenue for the quarter came in at $10.64 billion versus the consensus estimate of $10.56 billion.

For the 2015 second quarter, Ingram Micro currently expects consolidated sales to grow high-single digits in local currency and to be relatively flat in U.S. dollars when compared to the 2014 second quarter. Non-GAAP earnings per diluted share for the 2015 second quarter are expected to be in the range of 50 to 58 cents, which includes a negative impact of 4 cents related to currency movement, when compared with the second quarter last year.

For earnings history and earnings-related data on Ingram Micro (IM) click here.

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