AP NEWS

Sanmina: Fiscal 3Q Earnings Snapshot

July 30, 2018

SAN JOSE, Calif. (AP) _ Sanmina Corp. (SANM) on Monday reported fiscal third-quarter net income of $34 million.

The San Jose, California-based company said it had net income of 47 cents per share. Earnings, adjusted for non-recurring costs, were 55 cents per share.

The electronics manufacturing services company posted revenue of $1.81 billion in the period.

For the current quarter ending in September, Sanmina expects its per-share earnings to range from 63 cents to 69 cents.

The company said it expects revenue in the range of $1.83 billion to $1.88 billion for the fiscal fourth quarter.

Sanmina shares have declined 12 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $29.05, a drop of 19 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SANM at https://www.zacks.com/ap/SANM

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