Sanmina beats by $0.13, beats on revs; guides Q2 EPS above consensus, revs above consensus
- Reports Q1 (Dec) earnings of $0.83 per share, excluding non-recurring items, $0.13 better than the S&P Capital IQ Consensus of $0.70; revenues rose 25.4% year/year to $2.19 bln vs the $1.9 bln S&P Capital IQ Consensus.
- operating margin expanded to 3.9% from 2.7% last Q1
- Co issues upside guidance for Q2, sees EPS of $0.70-0.80, excluding non-recurring items, vs. $0.66 S&P Capital IQ Consensus; sees Q2 revs of $1.9-2.0 bln vs. $1.82 bln S&P Capital IQ Consensus.
Sanmina CFO David Anderson plans to retire from his role to spend more time with his family
Anderson will continue in his role as Chief Financial Officer until a successor is named, and then will move to an advisory role until March 27, 2020. Sanmina has started a search for his successor.
No comments:
Post a Comment