SAN JOSE -- Sanmina-SCI pre-announced its fiscal third quarter revenue to be $2.71 billion versus previouslguidance of $2.7 to $2.8 billion.

Sanmina said that excluding one-time items, it expects earnings of six to seven cents a share, down from previous guidance of eight to 10 cents.

The EMS provider blamed the shortfall on a less favorable product mix, less-than-expected profitability in computing, and slower than anticipated improvement in the enclosures.

Strength in communications infrastructure products is being offset by soft sales in military/aerospace and computing, wrote Deutsche Bank analyst Carter Shoop in a research note.

Chairman and chief executive Jure Sola said, "While we are disappointed that our financial results for the fiscal third quarter fell short of our expectations, we believe we have taken the steps necessary to improve on our execution. The market conditions continue to improve and we feel that our short and long-term business model remains intact."

The company also cited poor execution at its Asia PCB plants and restructuring inefficiencies at its facility in Toledo, Spain.

Absolute inventory dollars rose sequentially despite previous expectations of a decline. Shoop estimates third-quarter inventory turns fell from 8.6 times in the second quarter.

On a conference call, Sanmina management said that the fourth quarter will be "hopefully a little bit” better  sequentially.

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