Sanmina Q2 Adj. Profit Tops View; Issues Q3 Outlook - Quick Facts

(RTTNews) - Sanmina Corp. (SANM) reported second-quarter GAAP net income of $20.8 million or $0.24 per share, compared to $21.2 million or $0.25 per share in the year-ago period.

Non-GAAP net income was $38.3 million, or $0.44 per share, up from $25.3 million or $0.30 per share in the comparable quarter last year. On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $0.39 for the quarter. Analysts' estimates typically exclude special items.

Revenue was $1.48 billion, compared to $1.43 billion, a year ago, while nine analysts expected revenue of $1.45 billion for the quarter.

Looking ahead to the third quarter, the company expects non-GAAP earnings per share in the range of $0.45 to $0.49 and revenue between $1.50 billion to $1.60 billion. Analysts expect the company to report third-quarter profit per share of $0.43, on revenue of $1.51 billion.