Sanmina (SANM) Tops Q2 EPS by 6c; Guides In-Line

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.

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