Ingram Micro (IM) Misses Q1 EPS by 18c

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Go back to Ingram Micro (IM) Misses Q1 EPS by 18c

Ingram Micro Reports First Quarter Financial Results

April 29, 2016 7:30 AM EDT

IRVINE, CA -- (Marketwired) -- 04/29/16 -- Ingram Micro Inc. (NYSE: IM) today announced financial results for the first quarter ended Apr. 2, 2016.

"We saw stabilization of global IT demand in March, which has continued into April, however, IT spending was muted in the first two months of the year, particularly for high volume categories including PCs, smartphones, servers and storage," said Alain Moni, Ingram Micro CEO. "While we did not capture the full revenue and operating income opportunity available to us in the quarter, our focus on higher value business continues to show... More