Sanmina: Fiscal 3Q Earnings Snapshot
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.