Sanmina Corp. (SANM) Tops Q3 EPS by 5c; Issues Solid Q4 Outlook

Sanmina Corp. (NASDAQ: SANM) reported Q3 EPS of $0.53, $0.05 better than the analyst estimate of $0.48. Revenue for the quarter came in at $1.6 billion versus the consensus estimate of $1.55 billion.

Sanmina Corp. sees Q4 2014 EPS of $0.50-$0.55, versus the consensus of $0.51. Sanmina Corp. sees Q4 2014 revenue of $1.6-1.65 billion, versus the consensus of $1.58 billion.

"We delivered a solid third quarter. Revenue was up 9 percent sequentially and 8 percent year over year. Each of our end-market segments grew on a sequential basis, with notable performance from our industrial, medical and defense segment," stated Jure Sola, Chairman and Chief Executive Officer of Sanmina Corporation. "Our investments in leading technology and capabilities offer differentiation in the market and value for our customers. We continue to benefit from new programs and stable demand with key customers. Our previous expectation of modest growth in fiscal 2014 is achievable and solid execution of our strategy supports a promising future," added Sola.

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

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