Sanmina-SCI Corp. says it will meet or exceed EPS estimate on Wall Street
Sanmina-SCI Corp. (Nasdaq: SANM), a global electronics manufacturing services firm, this morning said it expects to meet or exceed the consensus EPS estimate on Wall Street of $0.03 per share.
The small cap also said it booked revenue of $2.53 billion for its first quarter of fiscal 2008, ended Dec. 29, 2007. The current quarter’s results exceeded the consensus of 16 analysts polled by Thomson Financial of $2.40 billion. Last year, Sanmina recorded sales of $2.78 billion.
Sanmina noted cash flow generated during the quarter is expected to exceed $100 million. Cash flow from operating activities for the company’s last quarter was $123 million.
The company will release full financial results on Jan. 23.
Shares of Sanmina-SCI jumped (SANM) 9.23%, or $0.12, to $1.42 in pre-market. Shares of Sanmina-SCI have been trading in the range of $1.29 to $3.94 for the past 52 weeks.
