Sanmina Corp (SANM) Releases Earnings Results, Beats Expectations By $0.01 EPS

Sanmina Corp (SANM) reported quarterly earnings results on Monday, Jul-25-2016. The company said it had a profit of $0.63 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.62. The company posted revenue of $1669.47 million in the period, compared to analysts expectations of $1653.35 million. The company’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.

Sanmina Corp opened for trading at $28.81 and hit $29.165 on the upside on Wednesday, eventually ending the session at $28.98, with a gain of 0.45% or 0.13 points. The heightened volatility saw the trading volume jump to 3,14,541 shares. Company has a market cap of $2,134 M.

In a different news, on May 26, 2016, Jackie M Ward (director) sold 5,001 shares at $26.00 per share price. According to the SEC, on May 18, 2016, Charles Ii Kostalnick (EVP and Chief Business Officer) sold 15,834 shares at $25.24 per share price. On May 11, 2016, Wayne Shortridge (director) sold 6,000 shares at $24.62 per share price, according to the Form-4 filing with the securities and exchange commission.

Sanmina Corporation is a provider of integrated manufacturing solutions components products and repair logistics and after-market services. The Company provides these offerings primarily to original equipment manufacturers (OEMs) in the communications networks computing and storage multimedia industrial and semiconductor capital equipment defense and aerospace medical clean technology (CleanTech) and automotive industries. Its operations are managed as two businesses such as Integrated Manufacturing Solutions (IMS) and Components Products and Services (CPS). The Company’s services include product design and engineering including initial development detailed design prototyping validation preproduction services and manufacturing design release; manufacturing of components subassemblies and complete systems; final system assembly and test direct order fulfillment and logistics services and after-market product service and support and global supply chain management.

Sanmina Corp

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