Sanmina (SANM) Tops Q4 EPS by 7c; Guides Q1 Above the Street

Sanmina (NASDAQ: SANM) reported Q4 EPS of $0.61, $0.07 better than the analyst estimate of $0.54. Revenue for the quarter came in at $1.69 billion versus the consensus estimate of $1.63 billion.

Sanmina sees Q1 2015 EPS of $0.55-$0.60, versus the consensus of $0.49. Sanmina sees Q1 2015 revenue of $1.65-1.7 billion, versus the consensus of $1.58 billion.

"Solid execution coupled with stable demand from a majority of our market segments were the key drivers for overall improvement in our financial results. Revenue for the fourth quarter was up 5 percent sequentially and 12 percent over the fourth quarter last year," stated Jure Sola, Chairman and Chief Executive Officer of Sanmina Corporation.

"In fiscal 2014, we delivered solid growth, margin improvement, EPS expansion and strong cash generation. Execution of our core strategy has delivered consistent and predictable results. We remain focused on the quality of our revenue, expanding our capabilities and providing value to our customers. With our revenue base exiting 2014, we are optimistic that 2015 will be another growth year for Sanmina," concluded Sola.

For earnings history and earnings-related data on Sanmina (SANM) click here.

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