Sanmina: Fiscal 4Q Earnings Snapshot
SAN JOSE, Calif. (AP) _ Sanmina Corp. (SANM) on Monday reported fiscal fourth-quarter earnings of $19.8 million.
The San Jose, California-based company said it had net income of 27 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 84 cents per share.
The electronics manufacturing services company posted revenue of $1.89 billion in the period.
For the year, the company reported net income of $141.5 million, or $1.97 per share, swinging to a profit in the period. Revenue was reported as $8.23 billion.
For the current quarter ending in January, Sanmina expects its per-share earnings to range from 65 cents to 75 cents.
The company said it expects revenue in the range of $1.73 billion to $1.83 billion for the fiscal first quarter.
Sanmina shares have climbed 32% since the beginning of the year. In the final minutes of trading on Monday, shares hit $31.80, an increase of 38% in the last 12 months.