SAN FRANCISCO (Thomson Financial) - Sanmina-SCI Corp. late Wednesday
reported a second-quarter net loss of $24.4 million, or 5 cents a share, versus
a net loss of $26.1 million, or 5 cents a share, a year earlier.
On an adjusted basis, the company posted a net profit of $28.2 million, or 5
cents a share, versus $793,000 or breakeven a share, in the year-earlier
quarter.
The mean estimate of analysts polled by Thomson Reuters was a per-share
profit of 4 cents.
Sanmina-SCI said net earnings and revenue results include both continuing
and discontinued operations. The company sold some of its assets on Feb. 19.
The second-quarter net loss from continuing operations was $39.9 million, or
8 cents a share, versus $45.9 million, or 9 cents a share, in the prior-year
period, the San Jose, Calif.-based provider of integrated electronics
manufacturing services said.
Revenue for the quarter ended March 29 fell to $2.4 billion from $2.61
billion, versus the mean Street view of $2.45 billion.
Revenue from continuing operations rose to $1.82 billion from $1.79 billion
a year ago.
The company expects third-quarter earnings of 3 cents to 6 cents a share.
The stock closed the regular session down 5 cents at $1.48 and fell further
in after-hours trading.
Brigid Gaffikin
bg/kh
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