Sanmina (SANM) Tops Q2 EPS by 6c; Guides In-Line
Get Alerts SANM Hot Sheet
EPS Growth %: -21.4%
Financial Fact:
Provision for income taxes: -49.18M
Today's EPS Names:
SHIM, KOD, HEWA, More
Join SI Premium – FREE
Sanmina (NASDAQ: SANM) reported Q2 EPS of $0.63, $0.06 better than the analyst estimate of $0.57. Revenue for the quarter came in at $1.61 billion versus the consensus estimate of $1.6 billion.
"Solid execution coupled with growth in the majority of our market segments drove improvements in our results for the second quarter. Revenue was up sequentially and year over year, and we achieved our highest earnings per share in over ten years," stated Jure Sola, Chairman and Chief Executive Officer of Sanmina Corporation. "Strong cash generation provides us flexibility to continue to invest in technologies and businesses that further enhance our differentiation in the market and provide industry leading value to our customers. As we further diversify our business, we remain confident our financial results will continue to improve," concluded Sola.
GUIDANCE:
Sanmina sees Q3 2016 EPS of $0.61-$0.65, versus the consensus of $0.61. Sanmina sees Q3 2016 revenue of $1.625-1.675 billion, versus the consensus of $1.65 billion.
For earnings history and earnings-related data on Sanmina (SANM) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Midday movers: RH, Estee Lauder rise; Tesla falls
- Oxford Industries (OXM) Reports In-Line Q4 EPS, provides guidance
- Can-Fite BioPharma (CANF) Reports FY23 Results, Issues Clinical Update
Create E-mail Alert Related Categories
Earnings, Guidance, Management CommentsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!