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SAN JOSE, Calif. - Electronics manufacturing company Sanmina-SCI Corp. said Wednesday that it is remaining cautious in its guidance for the fiscal first quarter, given the uncertainty of the economy.
The company said it expects to break even or earn up to 3 cents per adjusted share for the quarter. It also said it expects revenue in the range of $1.43 to $1.63 billion.
"Sanmina-SCI is well positioned to navigate through this challenging environment, remain profitable, generate positive cash flow and improve our working capital metrics, which will help position us as a stronger company when the market turns around," Jure Sola, chairman and chief executive officer of the company said in a statement.
Shares of Sanmina fell 3 cents, or 4.4 percent, to close at 65 cents in regular trading Wednesday.
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