UPDATE 1-Ingram Micro quarterly profit falls

* Q2 EPS ex-items 20 cents, matches Street view 20 cents

* Q2 revenue $6.58 bln, misses Street view $6.67 bln

* Shares down more than 5 pct in after hours trading

SAN FRANCISCO, July 30 (Reuters) - Technology products distributor Ingram Micro Inc (IM.N) reported a lower quarterly profit that matched Wall Street estimates as cost cuts helped to offset a slightly sharper-than-expected fall in revenue.

Shares of the company fell 5.6 percent in after-hours trading.

Revenue was light and "below our numbers" for Europe, said Matt Sheerin, an analyst at Thomas Weisel partners.

Ingram reported revenue of $6.58 billion for its fiscal second quarter, ended July 4, compared with $8.81 billion one year ago. Analysts, on average, were expecting revenue of $6.67 billion, according to Reuters Estimates.

Net profit was $25.3 million, or 15 cents per share, compared with $58.9 million, or 35 cents per share, one year ago.

Excluding certain items, profit was 20 cents a share, matching the average analyst forecast, according to Reuters Estimates.

For the third quarter, Ingram said it sees seasonal demand following historical patterns but gave no projected earnings or revenue. (Reporting by David Lawsky; Editing by Steve Orlofsky)