Enter your Email Address


Useful Links

Know What The Insiders Are Doing!
Make a Living as a Trader
Stock Trading Software

More Links




[Most Recent Quotes from www.kitco.com]

[Most Recent Quotes from www.kitco.com]





No Sign of Revival at Sanmina – Analyst Blog

Zacks Market Commentaries (July 8th, 2009) Writes:

Based in San Jose, California, Sanmina-SCI Corporation (SANM) is a supplier and manufacturer of end-to-end electronic manufacturing services (EMS) and complex electronic components like printed circuit boards (PCBs) and backplane assemblies. Yesterday, the company announced that it will release its third quarter 2009 results on July 22, 2009.

In the second quarter, Sanmina had reported GAAP revenue from continuing operations (core EMS) of $1.195 billion, which was down 34.2% year-over-year. Revenues were below the company’s guidance and our expectation. Adjusted net loss per share for the quarter was $0.06, a reversal from our expectation of net profit.

Sanmina had reported flat top-line growth in fiscal 2008 with much lower revenue in the first half of 2009. This is a result of softness across all of its end markets, and weak demand impacted by a deteriorating global economy.

The company also issued disappointing guidance for the third quarter on account of weak demand.

...

Newsletter

No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.