Ingram Micro profit drops 2.6%

Ingram Micro Inc., a Santa Ana-based distributor of networking hardware, software and computer peripherals, said its second-quarter profit fell 2.6% because of costs related to a possible action by regulators.

Net income for the quarter was $52.4 million, or 30 cents a share, down from $53.8 million, or 32 cents, a year earlier. Revenue rose 11% to $8.19 billion.

During the quarter, the company recorded a charge of $15 million, or 5 cents a share.

The charge covers possible losses from potential administrative action by the Securities and Exchange Commission for Ingram Micro’s alleged failure to keep adequate books and records of certain transactions with security software maker McAfee Inc.

The transactions allegedly took place with McAfee, formerly Network Associates, from 1998 to 2000.

Analysts on average expected second-quarter earnings of 36 cents a share on $8.11 billion in revenue, according to a Thomson Financial survey.

Shares of Ingram Micro fell 39 cents to $20.60.