Ingram Micro Q4 Profit Rises - Quick Facts

(RTTNews) - Ingram Micro Inc. (IM), the world's largest wholesale technology distributor and a global leader in supply-chain and mobile device lifecycle services, reported that its fourth-quarter net income increased to $112.20 million or $0.71 per share, from $101.35 million or $0.66 per share, last year. Non-GAAP earnings per share was $0.88 for the quarter.

On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $0.78 for the quarter. Analysts' estimates typically exclude special items. Net sales were $11.83 billion, compared to $11.38 billion, prior year. Analysts expected revenue of $11.53 billion for the quarter. For the 2014 year, the company currently expects worldwide revenue to grow in the low- to mid-single-digits, in-line with overall global IT spending.

For the first-quarter, the company currently expects a low double-digit sequential decline in worldwide revenue and a high-teen basis point sequential decline in gross margin, both in-line with recent historical seasonality.