Sanmina Corporation Q3 adjusted earnings Beat Estimates

Sanmina Corporation (SANM) revealed a profit for its third quarter that climbed from the same period last year.

The company's profit came in at $44.88 million, or $0.64 per share. This compares with $42.92 million, or $0.60 per share, in last year's third quarter.

Excluding items, Sanmina Corporation reported adjusted earnings of $60.00 million or $0.86 per share for the period.

Analysts had expected the company to earn $0.35 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 18.7% to $1.65 billion from $2.03 billion last year.

Sanmina Corporation earnings at a glance:

-Earnings (Q3): $60.00 Mln. vs. $59.17 Mln. last year.
-EPS (Q3): $0.86 vs. $0.82 last year.
-Analysts Estimate: $0.35
-Revenue (Q3): $1.65 Bln vs. $2.03 Bln last year.

Next quarter EPS guidance: $0.73 - $0.83
Next quarter revenue guidance: $1.73 - $1.83 Bln

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