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Sanmina Corporation Q4 Profit Increases, beats estimates

Sanmina Corporation (SANM) released earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $64.72 million, or $1.08 per share. This compares with $56.56 million, or $0.84 per share, in last year's fourth quarter.

Excluding items, Sanmina Corporation reported adjusted earnings of $89.84 million or $1.50 per share for the period.

Analysts on average had expected the company to earn $1.33 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 34.1% to $2.20 billion from $1.64 billion last year.

Sanmina Corporation earnings at a glance (GAAP) :

-Earnings (Q4): $64.72 Mln. vs. $56.56 Mln. last year.
-EPS (Q4): $1.08 vs. $0.84 last year.
-Analyst Estimate: $1.33
-Revenue (Q4): $2.20 Bln vs. $1.64 Bln last year.

-Guidance:
Next quarter EPS guidance: $2.1 - $2.2 Bln
Next quarter revenue guidance: $1.41 - $1.51

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