SANMINA : ecrit le 30/07/2007

grangers

10 août 2007 •16:55

The last financial outcast this week is electronics manufacturer Sanmina-SCI (Nasdaq: SANM). The company delivered a $0.04 net loss per share, improving on last year's $0.10-per-share loss. However, the Street wanted to see a small profit this time, as well it should -- the company guided for at least $0.01 profit per share, after all. Management also committed the cardinal sin of handing out guidance for next quarter that lagged analysts' current expectations.

That's why the share price fell 15% on that report. Management blamed weak demand for its electronics components this time. It should be noted that results have fallen short of expectations in three out of the last four quarters now; each time, company executives proclaim their belief in better times ahead, based on more efficient operations. It just doesn't tend to play out that way.