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updated 17:33, Fri October 26, 2007

Ingram Micro Expects 4th-Quarter Profit to Grow 18 Percent From Last Year

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SANTA ANA, Calif. (AP) -- Computer parts distributor Ingram Micro. guided Thursday for double-digit growth in its fourth-quarter profit on strong sales in Europe and Asia Pacific and more modest U.S. sales.

The company said it expected net income growth of 18 percent compared with the same quarter last year to $103 million to $108 million, or 58 cents to 61 cents a share,

Sales are pegged at $9.7 billion to $9.95 billion.

Analysts polled by Thomson Financial, on average, expect fourth-quarter earnings of 59 cents per share on sales of $9.61 billion.

"Fourth-quarter sales are expected to reach the highest quarterly levels in company history," Chief Executive Gregory M. Spierkel said in a statement. "Technology deployment continues to be a key business enabler, particularly in the small to medium business markets we serve."

Shares added $1.10, or 5.7 percent, to $20.50 in after-hours trading.

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