Sanmina-SCI Corporation Q1 Income Declines 12%

(RTTNews) - Sanmina-SCI Corporation (SANM) announced earnings for first quarter that retreated from last year.

The company said its profit totaled $46.81 million, or $0.58 per share. This was down from $53.13 million, or $0.61 per share, in last year's first quarter.

Analysts had expected the company to earn $0.58 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 8.4% to $1.53 billion. This was down from $1.67 billion last year.

Sanmina-SCI Corporation earnings at a glance:

-Earnings (Q1): $46.81 Mln. vs. $53.13 Mln. last year. -Earnings Decline (Y-o-Y): -11.9% -EPS (Q1): $0.58 vs. $0.61 last year. -EPS Decline (Y-o-Y): -4.9% -Analysts Estimate: $0.58 -Revenue (Q1): $1.53 Bln vs. $1.67 Bln last year. -Revenue Change (Y-o-Y): -8.4%

-Guidance: Next quarter EPS guidance: $0.55 - $0.59 Next quarter revenue guidance: $1.55 - $1.65 Bln