SAN JOSE — Sanmina Corp. on Monday reported fiscal second-quarter profit of $24.6 million.
SAN JOSE — Sanmina Corp. on Monday reported fiscal second-quarter profit of $24.6 million.
On a per-share basis, the San Jose, California-based company said it had profit of 33 cents. Earnings, adjusted for non-recurring costs, came to 50 cents per share.
The electronics manufacturing services company posted revenue of $1.68 billion in the period.
For the current quarter ending in July, Sanmina expects its per-share earnings to range from 53 cents to 61 cents.
The company said it expects revenue in the range of $1.7 billion to $1.75 billion for the fiscal third quarter.
Sanmina shares have declined 16 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $27.70, a decrease of 28 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SANM at https://www.zacks.com/ap/SANM
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