Sanmina Corporation Bottom Line Rises 14% In Q2

(RTTNews) - Sanmina Corporation (SANM) revealed earnings for its second quarter that climbed compared to the same period last year.

The company said its bottom line rose to $49.30 million, or $0.63 per share. This was higher than $43.36 million, or $0.50 per share, in last year's second quarter.

Analysts had expected the company to earn $0.57 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 5.2% to $1.61 billion. This was up from $1.53 billion last year.

Sanmina Corporation earnings at a glance:

-Earnings (Q2): $49.30 Mln. vs. $43.36 Mln. last year. -Earnings Growth (Y-o-Y): 13.7% -EPS (Q2): $0.63 vs. $0.50 last year. -EPS Growth (Y-o-Y): 26.0% -Analysts Estimate: $0.57 -Revenue (Q2): $1.61 Bln vs. $1.53 Bln last year. -Revenue Change (Y-o-Y): 5.2%

-Guidance: Next quarter EPS guidance: $0.61 - $0.65 Next quarter revenue guidance: $1.625 - $1.675 Bln