Ingram Micro Inc (IM) announced a profit for its third quarter that advanced compared to the same period last year.
The company said its bottom line came in at $107.4 million, or $0.71 per share. This was up from $103.0 million, or $0.67 per share, in last year's third quarter.
Analysts had expected the company to earn $0.64 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter fell 2.8% to $10.23 billion. This was down from $10.52 billion last year.
Ingram Micro Inc earnings at a glance:
-Earnings (Q3): $107.4 Mln. vs. $103.0 Mln. last year.
-Earnings Growth (Y-o-Y): 4.3%
-EPS (Q3): $0.71 vs. $0.67 last year.
-EPS Growth (Y-o-Y): 6.0%
-Analysts Estimate: $0.64
-Revenue (Q3): $10.23 Bln vs. $10.52 Bln last year.
-Revenue Change (Y-o-Y): -2.8%
For comments and feedback contact: editorial@rttnews.com
Business News