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Sanmina Ahead of Q3 Guidance

Written by Kathy Nargi-Toth
Tuesday, 15 July 2008
SAN JOSE, CA -- Sanmina-SCI said its third-quarter revenue from continuing operations is about $1.9 billion, ahead of its previous guidance of $1.775 billion to $1.875 billion. The electronics manufacturer expects its adjusted third-quarter earnings from continuing operations to come in at the high end of its forecasted range of 3 to 5 cents a share. The company will issue its final results July 23. Sanmina-SCI is pursuing more military and defense contracts and is reportedly working with Lockheed Martin in a bid for a $3.5 billion contract to build the Army's next-generation intercom system.

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