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Sanmina: Fiscal Q4 Earnings Snapshot
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SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Sanmina Corp. (SANM) on Monday reported fiscal fourth-quarter net income of $118 million.

The San Jose, California-based company said it had net income of $2.14 per share. Earnings, adjusted for one-time gains and costs, were $4.43 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.27 per share.

The electronics manufacturing services company posted revenue of $3.86 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $3.48 billion.

For the year, the company reported profit of $378 million, or $6.85 per share. Revenue was reported as $14.53 billion.

For the current quarter ending in December, Sanmina expects its per-share earnings to range from $3.50 to $3.85.

The company said it expects revenue in the range of $3.8 billion to $4.1 billion for the fiscal first quarter.

Sanmina expects full-year earnings in the range of $15.50 to $17.50 per share, with revenue ranging from $17.5 billion to $19.5 billion.

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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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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