Ingram Micro Shares Rallied Into Close Amid Investor Day, Guidance

Ingram Micro IM executives hosted the company's Investors Day conference Wednesday afternoon, sending shares higher to close the session. At the meeting, guidance for fiscal 2015 and 2016 were given.

An executive said management is expecting FY 2015 EPS to be on the high end of the previously projected range of $2.60 to $3.10. Analysts are currently projecting FY 2015 EPS to $2.99.

Executives at Ingram Micro released its FY 2016 adjusted EPS to be between $3.40 to $3.70, with a 2016 CAGR estimate to release between four and six percent.

After the closing bell, Ingram Micro issued a press release confirming items discussed at the investors Day.

Shares of Ingram Micro began running higher around 2:00 to 4:00 p.m. ET in a $3 range due to guidance given at the conference.

Ingram Micro shares are currently sitting at $28.73, down 0.62 percent.