Sanmina (SANM) Reports In-Line Q3 EPS

Sanmina (NASDAQ: SANM) reported Q3 EPS of $0.63, in-line with the analyst estimate of $0.63. Revenue for the quarter came in at $1.67 billion versus the consensus estimate of $1.66 billion.

"Results for the quarter were in line with our outlook. Revenue was up 3.6 percent sequentially and 8.5 percent year over year driven by the ramp of new programs," stated Jure Sola, Chairman and Chief Executive Officer of Sanmina Corporation. "Executing our business plan, expanding our existing customer relationships and growing with new customers positions Sanmina for a better future. We will continue to invest in technologies and capabilities that strengthen our value proposition and enhance shareholder value," concluded Sola.

GUIDANCE:

Sanmina sees Q4 2016 EPS of $0.64-$0.68, versus the consensus of $0.67. Sanmina sees Q4 2016 revenue of $1.675-1.725 billion, versus the consensus of $1.72 billion.

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

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