Sanmina Corporation Reveals 20% Increase In Q2 Bottom Line

(RTTNews) - Sanmina Corporation (SANM) reported a profit for its second quarter that climbed compared to the same period last year.

The company said its bottom line advanced to $59.07 million, or $0.76 per share. This was higher than $49.30 million, or $0.63 per share, in last year's second quarter.

Analysts had expected the company to earn $0.70 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.3% to $1.68 billion. This was up from $1.61 billion last year.

Sanmina Corporation earnings at a glance:

-Earnings (Q2): $59.07 Mln. vs. $49.30 Mln. last year. -Earnings Growth (Y-o-Y): 19.8% -EPS (Q2): $0.76 vs. $0.63 last year. -EPS Growth (Y-o-Y): 20.6% -Analysts Estimate: $0.70 -Revenue (Q2): $1.68 Bln vs. $1.61 Bln last year. -Revenue Change (Y-o-Y): 4.3%

-Guidance: Next quarter EPS guidance: $0.72 to $0.77 Next quarter revenue guidance: $1.7 - $1.8 Bln