Sanmina-SCI First Quarter Earnings Exceed Estimates

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Contract Manufacturer Sanmina-SCI Corp reported first-quarter results that beat expectations.
Sanmina-SCI reported first-quarter revenue of $1.66 billion, against analysts’ expectation of $1.65 billion.
The electronic manufacturing services provider earned $28 million, or 34 cents a share, compared with $59 million, or 74 cents a share, last year.
Excluding extraordinary items, Sanmina earned 45 cents, while analysts were looking for 41 cents a share.
For the second quarter, the company said it sees 40-43 cents in earnings, on revenue of $1.62-$1.67 billion.

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