Ingram Micro (IM) reported quarterly earnings results on Friday, Apr-29-2016. The company reported $0.35 earnings per share for the quarter, missing the analyst consensus estimate by $-0.18. Analysts had a consensus of $0.53. The company posted revenue of $9336.60 million in the period, compared to analysts expectations of $9945.57 million. The company’s revenue was down -12.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.
Many Wall Street Analysts have commented on Ingram Micro. Ingram Micro was Downgraded by Credit Agricole to ” Underperform” on Feb 29, 2016. Ingram Micro was Downgraded by Raymond James to ” Mkt Perform” on Feb 19, 2016. Ingram Micro was Downgraded by Citigroup to ” Neutral” on Feb 18, 2016.
Ingram Micro opened for trading at $35.3 and hit $35.43 on the upside on Wednesday, eventually ending the session at $35.42, with a gain of 0.25% or 0.09 points. The heightened volatility saw the trading volume jump to 7,51,357 shares. Company has a market cap of $5,255 M.
In a different news, on Feb 19, 2016, Shailendra Gupta (EVP & Pres., Mobility) sold 34,513 shares at $35.77 per share price. According to the SEC, on Nov 23, 2015, Linda Fayne Levinson (director) sold 12,331 shares at $31.68 per share price. On Nov 6, 2015, William David Humes (Chief Financial Officer) sold 34,005 shares at $30.75 per share price, according to the Form-4 filing with the securities and exchange commission.
Ingram Micro Inc. (Ingram Micro) is an information technology (IT) supply chain management mobile device lifecycle services and logistics solutions company. The Company distributes and markets technology products all over the world from the industry’s computer hardware suppliers mobility hardware suppliers networking equipment suppliers software publishers and other suppliers of computer peripherals consumer electronics (CE) unified communication and collaboration automatic identification and data capture (AIDC)/point-of-sale (POS) and physical security products. The Company has operations in 38 countries spanning all global regions: North America Europe Asia-Pacific and Latin America. The Company also operates support centers in Argentina Bulgaria Costa Rica India Philippines and Puerto Rico.