Sanmina: Fiscal Q1 Earnings Snapshot

Sanmina Corp. (SANM) on Monday reported net income of $ 58.6 million in its fiscal first quarter.

On a per-share basis, the San Jose, California-based company said it had profit of 89 cents. Earnings, adjusted for one-time gains and costs, were $ 1.08 per share.

The electronics manufacturing services company posted revenue of $ 1.76 billion in the period.

For the current quarter ending in April, Sanmina expects its per-share earnings to range from 95 cents to $ 1.05.

The company said it expects revenue in the range of $ 1.7 billion to $ 1.8 billion for the fiscal second quarter.

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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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