Ingram Micro Inc. said Thursday it expects to meet its guidance for the current quarter, despite challenges in Europe.
The Santa Ana-based technology products distributor said it should earn $49 million to $56 million in the quarter, up 18% to 34% from a year earlier.
Ingram Micro expects to hit sales of $7.15 billion to $7.35 billion, up 4.5% to 7%.
Estimates include $8 million for stock-based compensation and $5 million for investments in new technology, items that weren’t included in the year-ago results.
“Demand is generally stable throughout the world,” said Gregory Spierkel, chief executive. “As expected, we are experiencing margin pressure from a more competitive environment, especially in Europe, but we are managing through it well.”
