Sanmina Corporation Reveals 11% Fall In Q4 Earnings

(RTTNews) - Sanmina Corporation (SANM) reported a profit for fourth quarter that dropped from last year.

The company said its bottom line totaled $49.77 million, or $0.64 per share. This was down from $55.68 million, or $0.72 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.76 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 5.4% to $1.76 billion. This was up from $1.67 billion last year.

Sanmina Corporation earnings at a glance:

-Earnings (Q4): $49.77 Mln. vs. $55.68 Mln. last year. -Earnings Decline (Y-o-Y): -10.6% -EPS (Q4): $0.64 vs. $0.72 last year. -EPS Decline (Y-o-Y): -11.1% -Analysts Estimate: $0.76 -Revenue (Q4): $1.76 Bln vs. $1.67 Bln last year. -Revenue Change (Y-o-Y): 5.4%

-Guidance: Next quarter EPS guidance: $0.68 to $0.74 Next quarter revenue guidance: $1.75 - $1.80 Bln