Sanmina-SCI Corp. (SANM) posted first quarter GAAP net income of $59 million or $0.74 per share, compared to a net loss of $26 million or $0.29 per share in the same period a year ago .
Non-GAAP net income in the first quarter was $18 million or $0.23 per share, compared to a net loss of $768 thousand or $0.01 per share in the same quarter last year.
On average, nine analysts polled by Thomson Reuters expected the company to report earnings of $0.13 per share. Analysts' estimates typically exclude special items.
Revenue for the quarter was $1.48 billion, compared to $1.42 billion in the prior year quarter. Nine Wall Street analysts expected revenues of $1.40 billion.
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