Ingram Micro Holding Corp., the electronics and technology distribution giant in Irvine, said today that third-quarter sales rose 7.2% to $12.6 billion, beating analysts’ estimates, while earnings per share of 42 cents fell short of projections.
The company projects fourth-quarter revenue of between $14 billion and $14.4 billion, well above analysts’ estimates, while adjusted EPS is seen jumping to between 85 cents and 95 cents.
“As we look to Q4, we expect to continue our trend of year-over-year net sales growth, as we remain focused on capturing additional market opportunities,” company CFO Mike Zilis said in a statement accompanying the earnings.
Ingram Micro shares rose less than 1% to $22.23 apiece in after-hours trading for a market cap of $5.2 billion.
