Sanmina Corp. (SANM), a provider of electronics manufacturing services, Monday reported second-quarter profit of $21.19 million or $0.25 per share, compared to a loss of $1.44 million or $0.02 per share in the comparable quarter last year.
Adjusted earnings for the quarter was $25.3 million or $0.30 per share. On average, nine analysts polled by Thomson Reuters expected the company to earn $0.28 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues totaled $1.43 billion, down from $1.46 billion last year. Analysts expected revenues of $1.42 billion.
Looking ahead to the third quarter, the company has forecast earnings in the range of $0.32 to $0.38 per share, with revenues ranging between $1.45 billion and $1.50 billion.
Analysts, based on consensus, currently expect the company to report third-quarter earnings of $0.35 per share on revenues of $1.47 billion.
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