Sanmina-SCI Corp announced less-than-anticipated first quarter results on weakness in its communications networks division and impact from the Thailand floods, and the contract manufacturer estimate a second quarter mostly lower than forecasts.

The company anticipates second-quarter adjusted earnings in between 24 cents and 30 cents per share on sales of $1.45 billion to $1.55 billion.

Analysts, on average, were anticipating second-quarter earnings of 30 cents a share on sales of $1.53 billion, in accordance with Thomson Reuters I/B/E/S.

For the first quarter, net income dropped to $8.6 million, or 10 cents a share, against $28.4 million, or 34 cents a share, a year earlier. Exclusive of items, the company made 28 cents per share in earning. Revenue for the quarter dropped to $1.5 billion against $1.66 million a year earlier.

Analysts, on average, projected first-quarter earnings of 31 cents a share on sales of $1.56 billion.

Sanmina-SCI Corporation (NASDAQ:SANM) last session volume of 1.97 million shares was surprisingly higher than its average volume of 0.654 million shares. The stock after opening at $10.08 hit high price of $10.51 and then closed at $10.50 by scoring +3.35%.

SANM generated revenue of 6.60 billion in the following twelve months and earned $68.82 million. The Company showed a positive 1.04% in the net profit margin and as well as in its operating margin which remained 2.97%. Company’s annual sales growth for the past five year was -2.89%.

The SANM past twelve months price to sales ratio was 0.13 and price to cash ratio remained 1.33. As far as the returns are concern, the SANM return on equity was recorded as 9.62% and increased 3.33% return on investment while its return on asset stayed at 2.07%.

The stock showed weekly upbeat performance of 7.69% which was maintained for the month at 19.05%. Likewise the positive performance for the quarter was recorded as 29.47% and for the year was -30.23% while the YTD performance remained at 12.78%.

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