UPDATE 1-Ingram Micro 2nd-quarter profit up

(Recasts first paragraph; adds revenue, analysts' estimates, forecast, share price)

LOS ANGELES, July 24 (Reuters) - Ingram Micro Inc (IM.N: Quote, Profile, Research, Stock Buzz), the world's largest computer products distributor, posted higher quarterly profit on Thursday, beating Wall Street estimates, but its shares fell nearly 6 percent after a disappointing sales forecast for the third quarter

Chief Executive Gregory Spierkel said the company expects "macro-economic softness to continue into the third quarter," with solid growth in Latin America but more modest sales in other regions.

Second-quarter net income rose to $58.9 million, or 35 cents per share, from $52.4 million, or 30 cents per share, last year. The latest results included costs of about $5.5 million, or 3 cents per share, from an expense-reduction program in North America and Europe, bringing adjusted earnings to 38 cents per share.

Sales increased 8 percent to $8.82 billion from $8.12 billion a year ago.

Analysts, on average, looked for profit of 35 cents per share, excluding the expense reduction, on revenue of $8.58 billion, according to Reuters Estimates.

For the third quarter, the company sees sales ranging from $8.5 billion to $8.8 billion, with net income between $52 million and $61 million, or 31 cents to 36 cents per share.

Wall Street expects earnings, excluding items, of 40 cents per share on revenue of $8.785 billion in the third quarter, according to Reuters Estimates.

Shares of Ingram Micro fell $1 to $17 in late electronic trading after closing at $18.05 Thursday on the New York Stock Exchange, down nearly 1 percent. (Reporting by Gina Keating; editing by Jeffrey Benkoe)