Sanmina Corporation (SANM) revealed a profit for its fourth quarter that rose from the same period last year.
The company's profit totaled $51.61 million, or $0.75 per share. This compares with $19.76 million, or $0.27 per share, in last year's fourth quarter.
Excluding items, Sanmina Corporation reported adjusted earnings of $75.42 million or $1.10 per share for the period.
Analysts had expected the company to earn $0.77 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 1.1% to $1.87 billion from $1.89 billion last year.
Sanmina Corporation earnings at a glance:
-Earnings (Q4): $75.42 Mln. vs. $60.61 Mln. last year.-EPS (Q4): $1.10 vs. $0.84 last year.-Analysts Estimate: $0.77 -Revenue (Q4): $1.87 Bln vs. $1.89 Bln last year.
-Guidance:Next quarter EPS guidance: $0.75 - $0.85Next quarter revenue guidance: $1.70 - $1.80 Bln
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.