caLogo

News

SAN JOSE -- Flextronics, the world's largest contract electronics manufacturer, last night reported first-quarter net sales of $3.9 billion, up $17 million over last year.

For the quarter ended June 30, Flextronics' pro-forma net income rose 27% to $99.6 million. GAAP net income slid $15.6 million to $58.7 million year-over-year.

Read more ...

SAN JOSE -- Revenues of EMS provider Sanmina-SCI fell 8% to $2.83 billion and the company was hit with a quarterly loss of $202,000 due to restructuring charges taken in its fiscal third quarter. 

Sanmina-SCI recorded a profit of $11.4 million last year. For the June quarter, the pro-forma profit was $24.4 million, down from $34.4 million a year ago.

Read more ...

MYRTLE BEACH, SC -- AVX Corp. reported net sales of $319.8 million for its fiscal first quarter ended June 30, down 7% year-on-year but up 4.5% sequentially. Net income was $10.2 million, down 55% year-on-year. 

John Gilbertson, president and chief executive, said, "The sales increases in the last two quarters indicate that end market growth is continuing, and this is a positive sign for AVX and the industry."

Sequentially, profit from operations improved to $10.1 million. Profit from operations was $30.7 million last year.

Cash and short and long-term investments in securities increased $5.4 million to $725.9 million during the quarter.

Page 4619 of 4998

Don't have an account yet? Register Now!

Sign in to your account