AP NEWS

Sanmina: Fiscal 4Q Earnings Snapshot

October 28, 2019 GMT

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.

_____

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