Sanmina Q1 Profit Beats Estimates - Quick Facts

(RTTNews) - Sanmina Corp. (SANM) reported first-quarter GAAP net income of $23.1 million, compared to $621 thousand, a year ago. GAAP earnings per share was $0.26, compared to $0.01, last year. Non-GAAP net income was $35.5 million, or $0.41 per share, for the quarter.

On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $0.38 for the quarter. Analysts' estimates typically exclude special items.

Revenue was $1.45 billion, compared to $1.49 billion, a year ago. Analysts expected revenue of $1.46 billion for the quarter.

The company expects its second-quarter revenue between $1.425 billion to $1.475 billion, and non-GAAP earnings per share between $0.36 to $0.42. Analysts expect the company to report second-quarter profit per share of $0.37, on revenue of $1.45 billion.