Sanmina (SANM) Tops Q3 EPS by 4c; Issues Solid Outlook

Sanmina (NASDAQ: SANM) reported Q3 EPS of $0.53, $0.04 better than the analyst estimate of $0.49. Revenue for the quarter came in at $1.54 billion versus the consensus estimate of $1.52 billion.

Sanmina sees Q4 2015 EPS of $0.52-$0.58, versus the consensus of $0.53. Sanmina sees Q4 2015 revenue of $1.55-1.65 billion, versus the consensus of $1.56 billion.

"We delivered solid results for the third quarter despite a mixed market environment. Consistent execution coupled with ongoing diversification were key drivers for overall improvement in our financial results," stated Jure Sola, Chairman and Chief Executive Officer of Sanmina Corporation. "We generated excellent cash flow from operations for the quarter which allowed us to accelerate our strategic initiatives and execute our share repurchase program creating value for our customers and shareholders."

"Our outlook for the fiscal fourth quarter reflects stabilization in the market. We remain confident the second half of the calendar year will continue to improve," concluded Sola.

For earnings history and earnings-related data on Sanmina (SANM) click here.

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