Sanmina-SCI (SANM): A Quiet Company Announces Quiet Results

Sanmina-SCI (SANM) announced that for the fiscal fourth quarter ended September 29, 2007,  the company had revenue of $2.5 billion, compared to $2.7 billion in the fourth quarter ended September 30, 2006. Revenue for the year ended September 29, 2007 was $10.4 billion, compared to $11.0 billion in the prior year.

Net income for the fourth quarter 2007 was $10.2 million, $0.02 diluted earnings per share, compared to a net loss of $2.1 million, breakeven diluted earnings per share for the fourth quarter 2006. Net income for fiscal year 2007 was $22.8 million, $0.04 diluted earnings per share, compared to $102.4 million, $0.19 diluted earnings per share in the prior year.

Wall St. had expected the quarter to have nil EPS and revenue of $2.53 billion. For the year, expectations were for EPS of $.03 on revenue of $10.6 billion.

For the next quarter, the company expects revenue to be in the range of $2.5 billion to $2.65 billion range and Non-GAAP diluted earnings per share to be between $0.02 to $0.04.

The shares moved down a fraction after hours.