Sanmina Corporation Earnings Climb 7% In Q3

(RTTNews) - Sanmina Corporation (SANM) revealed a profit for its third quarter that advanced compared to the same period last year.

The company said its bottom line rose to $48.25 million, or $0.63 per share. This was up from $45.09 million, or $0.53 per share, in last year's third quarter.

Analysts had expected the company to earn $0.63 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 8.4% to $1.67 billion. This was up from $1.54 billion last year.

Sanmina Corporation earnings at a glance:

-Earnings (Q3): $48.25 Mln. vs. $45.09 Mln. last year. -Earnings Growth (Y-o-Y): 7.0% -EPS (Q3): $0.63 vs. $0.53 last year. -EPS Growth (Y-o-Y): 18.9% -Analysts Estimate: $0.63 -Revenue (Q3): $1.67 Bln vs. $1.54 Bln last year. -Revenue Change (Y-o-Y): 8.4%

-Guidance: Next quarter EPS guidance: $0.64 - $0.68 Next quarter revenue guidance: $1.675 - $1.725 Bln