Ingram Micro May See Operating Loss

Ingram Micro Inc. said it may dip into the red in its second quarter amid weak demand from U.S. companies and a softening in its international markets. The Santa Ana-based company, the world’s largest distributor of computer products, said it will break even or post an operating loss of as much as $10 million. Analysts were expecting a profit of 9 cents, according to First Call/Thomson Financial.

Sales will total $5.8 billion to $6 billion, the company said, down as much as 20% from the year-ago period. Last month, the company estimated that sales would range from $6.3 billion to $6.7 billion.

Ingram Micro shares fell 11 cents to close at $14.06 on the NYSE. The company made the announcement after the markets closed.