Ingram Micro Q3 Profit Matches Estimates - Quick Facts

(RTTNews) - Ingram Micro Inc. (IM) reported third-quarter net income of $72.23 million or $0.45 per share, compared to $78.94 million or $0.50 per share, last year. Non-GAAP earnings per share was $0.62 for the quarter.

On average, nine analysts polled by Thomson Reuters expected the company to report profit per share of $0.62 for the quarter. Analysts' estimates typically exclude special items.

Net sales were $11.24 billion, compared to $10.15 billion, a year ago. Analysts expected revenue of $10.92 billion for the quarter.

For the 2014 fourth quarter, the company currently expects worldwide revenue to increase between 8 to 12 percent over the 2013 fourth quarter, with non-GAAP earnings per share of $0.95 to $1.02. Analysts expect the company to report fourth-quarter earnings per share of $0.97.