Ingram Micro Holding Corp (INGM) revealed earnings for its first quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled $69.19 million, or $0.29 per share. This compares with $49.55 million, or $0.22 per share, last year.
Excluding items, Ingram Micro Holding Corp reported adjusted earnings of $144.18 million or $0.61 per share for the period.
Analysts on average had expected the company to earn $0.57 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 8.3% to $12.280 billion from $11.334 billion last year.
Ingram Micro Holding Corp earnings at a glance (GAAP) :
-Earnings: $69.19 Mln. vs. $49.55 Mln. last year.-EPS: $0.29 vs. $0.22 last year.-Revenue: $12.280 Bln vs. $11.334 Bln last year.
-Guidance:Next quarter EPS guidance: $0.53 - $0.63Next quarter revenue guidance: $11.765 - $12.165 B
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