Sanmina Corporation Reports Climb In Q2 Profit

(RTTNews) - Sanmina Corporation (SANM) reported earnings for its second quarter that increased from the same period last year

The company's bottom line totaled $79.62 million, or $1.33 per share. This compares with $48.62 million, or $0.76 per share, in last year's second quarter.

Excluding items, Sanmina Corporation reported adjusted earnings of $95.12 million or $1.59 per share for the period.

The company's revenue for the quarter rose 20.8% to $2.32 billion from $1.92 billion last year.

Sanmina Corporation earnings at a glance (GAAP) :

-Earnings (Q2): $79.62 Mln. vs. $48.62 Mln. last year. -EPS (Q2): $1.33 vs. $0.76 last year. -Revenue (Q2): $2.32 Bln vs. $1.92 Bln last year.

-Guidance: Next quarter EPS guidance: $1.50 to $1.60 Next quarter revenue guidance: $2.2 - $2.3 Bln