Sanmina Corporation (SANM) reported a profit for its first quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled $65.00 million, or $1.16 per share. This compares with $57.07 million, or $0.98 per share, last year.
Excluding items, Sanmina Corporation reported adjusted earnings of $80.17 million or $1.44 per share for the period.
Analysts on average had expected the company to earn $1.37 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 7.0% to $2.006 billion from $1.874 billion last year.
Sanmina Corporation earnings at a glance (GAAP) :
-Earnings: $65.00 Mln. vs. $57.07 Mln. last year.-EPS: $1.16 vs. $0.98 last year.-Revenue: $2.006 Bln vs. $1.874 Bln last year.
-Guidance:Next quarter EPS guidance: $1.30 - $1.40Next quarter revenue guidance: $1.9 - $2.0 Bln
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