RTTNews | Jan 31, 2022 04:07PM EST

16:06 Monday, January 31, 2022 (RTTNews.com) - Sanmina Corporation (SANM) released earnings for its first quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $58.63 million, or $0.89 per share. This compares with $48.02 million, or $0.72 per share, in last year's first quarter.

Excluding items, Sanmina Corporation reported adjusted earnings of $71.27 million or $1.08 per share for the period.

Analysts on average had expected the company to earn $0.95 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Revenue came in at $1.76 billion, equal to the mark posted in the same period last year.

Sanmina Corporation earnings at a glance (GAAP) :

-Earnings (Q1): $58.63 Mln. vs. $48.02 Mln. last year.-EPS (Q1): $0.89 vs. $0.72 last year.-Analyst Estimate: $0.95-Revenue (Q1): $1.76 Bln vs. $1.76 Bln last year.

-Guidance:Next quarter EPS guidance: $0.95 - $1.05Next quarter revenue guidance: $1.7 - $1.8 Bln

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