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Ingram Micro: Q2 Earnings Snapshot
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IRVINE, Calif. (AP) — IRVINE, Calif. (AP) — Ingram Micro Holding Corp. (INGM) on Thursday reported second-quarter earnings of $110.9 million.

On a per-share basis, the Irvine, California-based company said it had net income of 48 cents. Earnings, adjusted for one-time gains and costs, were 82 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share.

The provider of information technology products and services posted revenue of $14.53 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $13.98 billion.

For the current quarter ending in September, Ingram Micro expects its per-share earnings to range from 72 cents to 82 cents.

The company said it expects revenue in the range of $13.55 billion to $13.95 billion for the fiscal third quarter.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INGM at https://www.zacks.com/ap/INGM

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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