Ingram Micro Inc. (IM) posted third quarter net income of $42.3 million or $0.25 per share, compared to $46.4 million or $0.27 per share in the previous year period.
On average, seven analysts polled by Thomson Reuters expected the company to report earnings of $0.20 per share. Analysts' estimates typically exclude special items.
The results for the quarter included costs of approximately $0.04 per diluted share related to expense-reduction programs.
Worldwide sales for the third quarter were $7.38 billion, down from $8.28 billion in the third quarter last year. Six Wall Street analysts expected revenues of $6.65 billion.
Further, the company said two of its expense-reduction programs would be completed by year-end, generating aggregate annualized savings of approximately $140 million compared to the first quarter of 2008.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.