UPDATE 1-Sanmina-SCI Q4 tops Street, sees Q1 rev below estimates

* Q4 adj EPS $0.46 vs est $0.38

* Q4 revenue $1.69 bln vs est $1.68 bln

* Sees Q1 adj EPS $0.40-$0.44 vs est $0.43

* Sees Q1 revenue $1.63-$1.68 bln

* Shares down 3 pct after the bell

Nov 1 (BestGrowthStock) – Electronics manufacturing services
provider Sanmina-SCI Corp (SANM.O: ) posted better-than-expected
quarterly results, helped by lower operating expenses, but
forecast first-quarter revenue below Wall Street estimates,
sending its shares down 3 percent.

The company, which provides services mainly to original
equipment manufacturers across various industries, expects
earnings of 40-44 cents per share, excluding items, on revenue
of $1.63-$1.68 billion, for the first quarter.

Analysts are looking at a profit of 43 cents a share on
revenue of $1.71 billion, according to Thomson Reuters I/B/E/S.

For the fourth-quarter ended Oct. 2, the company earned
$31.4 million, or 38 cents per share, compared with a loss of
$32.7 million, or $42 cents per share, a year ago. Excluding
items, the company earned 46 cents a share.

Revenue at Sanmina, which competes with Celestica Inc
(CLS.TO: ), Flextronics International Ltd (FLEX.O: ) and Jabil
Circuit (JBL.N: ), rose 25 percent to $1.69 billion.

Analysts were expecting earnings of 38 cents a share,
before items, on revenue of $1.68 billion.

Operating expenses fell 15 percent to $73.6 million.

Shares of the San Jose, California-based company were down
4 percent at $12.50 in extended trade. Shares of the company
have more than doubled over the year.
(Reporting by Siddharth Cavale in Bangalore; Editing by Vinu
Pilakkott)

UPDATE 1-Sanmina-SCI Q4 tops Street, sees Q1 rev below estimates