- Former Citi President's Fund Up 84% This Year
- Qualcomm Outlook Misses Street, Samsung Deal Helps
- Fed to Maintain Low Rates Even as Economy Recovers
- Why the Dollar's Decline Doesn't Worry US Officials—Yet
- Nervous About US Stocks? Check Out Emerging Markets
- Kudlow: Stocks and Voters Show GOP the Way
- Former Merrill CEO Thain to Emerge From Seclusion
- Study Reveals What's Really Going on in Aisle Six
- Wells Fargo Bets on Housing Recovery
- Gold Will Hit $1,500 By June 2010: Strategist
- Crescenzi: Fed Conditions Its Commitment on Rates
- Three Way to Play the Dollar Carry Trade
- Study Reveals What's Really Going on in Aisle Six
- Time Warner Raises Forecast, Focuses on Exploiting Content
- Do You Buy Marchionne's Turnaround Plan?
- Call It 'Microsoft Math'
- Wells Fargo Bets on Housing Recovery
- Equities Are in a 'Definite Bullish Trend': Chief Investor
- States with jobless rates of 8.5 percent and above
- Corrections Corp. of America 3Q profit jumps
- Ohio casinos to hit Mich., Ind. gambling taxes
- Murphy Oil 3Q profit falls 68 percent
- Sanmina-SCI Corp. says worst of recession over
- Zumiez Oct. sales comparison drops 8.9 percent
- Microchip Technology declares dividend
- Acne, wrinkle treatments help Medicis post profit
- How to apply for homebuyer tax credit
Text Size 
SAN JOSE, Calif. - Electronics services company Sanmina-SCI Corp. said Wednesday the worst of the recession is over as it boosted revenue from the previous quarter and narrowed company losses for its fiscal fourth quarter.
Jure Sola, Sanmina's chairman and CEO, said he expects demand to increase going forward, and shares of the San Jose, Calif. company jumped $1.11, or 17 percent, to $7.74 a share in after-hours trading.
Sanmina, which serves electronics manufacturers in communications, defense, computers and other industries, reported a loss in the three-month period that ended Oct. 3 of $32.3 million, or 41 cents a share. That compares with a loss of $485.2 million, or $5.48 a share, in the same period last year.
Sales fell 21 percent to $1.35 billion from $1.7 billion in the year-ago period, but it increased 12 percent from the previous quarter.
For the full year, the company posted a loss of $136.2 million, or $1.65 a share, compared with a loss of $486.3 million, or $5.50 a share, in 2008. Sales fell 28 percent to $5.18 billion from $7.2 billion.
Sanmina said first-quarter revenue should fall between $1.35 billion and $1.45 billion and adjusted earnings of 10 to 15 cents a share.
Print
Email
- The Oracle of Omaha is placing his bets on these 15 stocks, the biggest holdings of Berkshire Hathaway.
- The mass of man-made debris orbiting the Earth is dramatically increasing the risk of space collisions.
- Here are the world's most secretive tax havens, according to the Tax Justice Network.
- The Apple App Store's market dominance reaches a new milestone: 100,000 apps now available.
- A Harvard professor’s unusual confectionary is blowing away chocolatiers in Paris.
- One MIT graduate thinks you probably don’t smile enough, and she has invented a painful device to take care of that problem.
Data is a real-time snapshot *Data is delayed at least 15 minutes