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Sanmina to Beat Q3 Guidance |
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Written by Mike Buetow
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Tuesday, 15 July 2008 |
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SAN JOSE – Sanmina-SCI today reported that third-quarter revenue from continuing operations was approximately $1.9 billion, topping the EMS company’s previous guidance of $1.77 billion to $1.87 billion. The results exclude the company’s PC business, which was sold July 7 and has been classified as a discontinued operation.
At $1.9 billion, sales would be down 24% from same quarter last year.
In a research note, Deutsche Bank Equity Research analyst Sherri Scribner wrote, “[The] positive results show the benefit of selling the PC business and focusing on the company's core EMS business.”
Sanmina-SCI will release its quarterly results on July 23.
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