Electronic Manufacturing Services

Unconfirmed rumors circulate that Sanmina-SCI Corp. (SANM) may be takeover target in low $20s possible suitors include Flextronics International Ltd. (FLEX) and Jabil Circuit Inc. (JBL).

Sanmina-SCI Corporation (Nasdaq: SANM) today reported financial results for the first fiscal quarter ended January 1, 2011. First Quarter Fiscal 2011 Highlights Revenue of $1.66 billion Non-GAAP operating margin of 4.2 percent Non-GAAP diluted earnings per share of $0.45 GAAP operating margin...

Key Points: 4Q earnings season off to great start, but still very early, with just 81 of S&P 500 firms having reported. Median surprise of 6.56% and surprise ratio of 3.69 for EPS, 1.50% and 3.47 for revenues. Reported (81 firms) fourth quarter earnings growth of 63.3%, expected (419 firms)...

Piper Jaffray is reiterating its Overweight rating on Trimble Navigation (NASDAQ: TRMB) shares after attending the World of Concrete tradeshow and meeting with several GPS-based equipment vendors geared toward the construction market. While the North America market is expected to remain subdued in...

Key Points: 4Q earnings season off to great start, but still very early, with just 81 of S&P 500 firms having reported. Median surprise of 6.56% and surprise ratio of 3.69 for EPS, 1.50% and 3.47 for revenues. Reported (81 firms) fourth quarter earnings growth of 63.3%, expected (419 firms)...

A leading designer and provider of electronics manufacturing services, Flextronics International Ltd. (FLEX) reported strong third quarter 2011 results with both revenues and earnings beating Zacks Consensus Estimates. Revenues and earnings both exhibited strong sequential and year-over-year...

A leading designer and provider of electronics manufacturing services, Flextronics International Ltd. (FLEX) reported strong third quarter 2011 results with both revenues and earnings beating Zacks Consensus Estimates. Revenues and earnings both exhibited strong sequential and year-over-year...

Flextronics International Ltd. (NASDAQ: FLEX) posted a modest and very clean FQ3 beat with broad-based revenue strength across all end markets, and improving performance in its vertical components business, Credit Suisse reports. “The FQ4 guidance was similarly robust,” Credit Suisse writes. “These...

Credit Suisse reports that it believes Tyco Electronics Ltd. New Switz (NYSE: TEL) FQ2 (Mar) guidance will prove conservative. “TEL beat FQ1 consensus but guided FQ2 EPS below consensus owing to (1) input cost pressure, and (2) inventory reductions, both of which will hurt margins,” Credit Suisse...

Flextronics International (NASDAQ: FLEX) reported rev/EPS of $7.83b /$0.25 above the company's original guidance of $7.5-7.7b/$0.23-0.25 & above street expectations for $7.6b/$0.24. Operating margins of 2.97% were only up slightly from 2.9% from last quarter, despite a much stronger reported...

FQ3 revenues were strong and EPS was “in-line with our above-consensus estimate but incremental leverage remains challenged due to the out-of-line cost structures of the camera module, power supply and Multek PCB businesses,” J.P. Morgan reports. “We came away from results more comfortable that...

Tyco Electronics (NYSE: TEL) FQ1 results were solidly above J.P Morgan forecasts with revenue slightly above, and margins more substantially above its expectations. EPS of $0.73 beat JPM's estimate by $0.05 mainly due to a stronger gross margin facilitated by leverage from healthy Automotive...

Citigroup has raised the price target on Flextronics International Limited (NASDAQ: FLEX) from $9 to $9.50 and maintains its Hold rating.

Citigroup has raised the price target on Plexus Corporation (NASDAQ: PLXS) from $36 to $38 and maintains its Hold rating.