Ingram Micro lowers outlook for third quarter
Technology products distributor Ingram Micro has lowered its fiscal third-quarter guidance, projecting between $8.3 billion and $8.6 billion in revenue, versus its previous forecast of $8.5 billion to $8.8 billion. The company has a restructuring program in place designed to generate savings and also is in the midst of examining additional cost-reduction strategies. Forbes/Associated Press (09/16), Channel Register (U.K.) (09/16), Barron's (subscription required) (09/16)