Revenue Update on Ingram Micro(NYSE:IM)

Ingram Micro(NYSE:IM) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $10.12B. Analysts estimated a revenue of $9.67B. Earnings per share were $0.61. Analysts had estimated an EPS of $0.49.

Ingram Micro (IM) shares turned negative on Thursdays trading session with the shares closing down -0.3 points or -0.88% at a volume of 7,71,422. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $34.29. The peak price level was also seen at $34.29 while the days lowest was $33.8. Finally the shares closed at $33.93. The 52-week high of the shares is $36.66 while the 52-week low is $23.79. According to the latest information available, the market cap of the company is $5,078 M.

Several Insider Transactions has been reported to the SEC. On Feb 19, 2016, Shailendra Gupta (EVP & Pres., Mobility) sold 34,513 shares at $35.77 per share price.Also, 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.

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