Sanmina Corporation (SANM) released earnings for its first quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $58.63 million, or $0.89 per share. This compares with $48.02 million, or $0.72 per share, in last year's first quarter.
Excluding items, Sanmina Corporation reported adjusted earnings of $71.27 million or $1.08 per share for the period.
Analysts on average had expected the company to earn $0.95 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
Revenue came in at $1.76 billion, equal to the mark posted in the same period last year.
Sanmina Corporation earnings at a glance (GAAP) :
-Earnings (Q1): $58.63 Mln. vs. $48.02 Mln. last year.
-EPS (Q1): $0.89 vs. $0.72 last year.
-Analyst Estimate: $0.95
-Revenue (Q1): $1.76 Bln vs. $1.76 Bln last year.
-Guidance:
Next quarter EPS guidance: $0.95 - $1.05
Next quarter revenue guidance: $1.7 - $1.8 Bln
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