WASHINGTON (dpa-AFX) - Sanmina-SCI Corp. (SANM) reported net income in the fourth quarter of $164.2 million or $1.96 per share, compared to $18.1 million or $0.22 per share for the year-ago quarter.
Excluding items, adjusted net income in the fourth quarter was $38.0 million or $0.46 per share, compared to $38.7 million or $0.47 per share in the prior year quarter.
Revenue for the fourth quarter fell to $1.58 billion from $1.70 billion a year ago.
Analysts polled by Thomson Reuters expected the company to earn $0.34 per share on revenue of $1.59 billion for the fourth quarter. Analysts' estimates typically exclude special items.
Looking forward to the first quarter, the company forecasts revenue of $1.5 billion to $1.55 billion and adjusted earnings of $0.31 to $0.37 per share. Analysts currently expect the company to earn $0.37 per share on revenue of $1.60 billion for the first quarter.
Copyright RTT News/dpa-AFX
Kostenloser Wertpapierhandel auf Smartbroker.de