Sanmina Corporation Q3 adjusted earnings Beat Estimates

(RTTNews) - Sanmina Corporation (SANM) revealed a profit for its third quarter that climbed from the same period last year.

The company's profit totaled $117.38 million, or $1.74 per share. This compares with $44.88 million, or $0.64 per share, in last year's third quarter.

Excluding items, Sanmina Corporation reported adjusted earnings of $66.58 million or $0.99 per share for the period.

Analysts had expected the company to earn $0.91 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.6% to $1.66 billion from $1.65 billion last year.

Sanmina Corporation earnings at a glance:

-Earnings (Q3): $66.58 Mln. vs. $60.00 Mln. last year. -EPS (Q3): $0.99 vs. $0.86 last year. -Analysts Estimate: $0.91 -Revenue (Q3): $1.66 Bln vs. $1.65 Bln last year.

-Guidance: Next quarter EPS guidance: $0.93 - $1.03 Next quarter revenue guidance: $1.65 - $1.75 Bln