UPDATE 1-Sanmina Q4 beats, sees Q1 profit above Street; shrs up
* Q4 adj EPS break even vs est loss $0.11/shr
* Sees Q1 adj EPS $0.10-$0.15 vs est $0.01
* Shares up 13 pct in extended trade
Nov 4 (Reuters) - Electronics manufacturing services provider Sanmina-SCI Corp (SANM.O) posted better-than-expected quarterly results, helped by a drop in operating expenses, and forecast first-quarter earnings above Wall Street estimates, sending its shares up 13 percent in after-hours trade.
For the fourth quarter, the company's net loss fell to $32.3 million, or 41 cents per share, from $485.2 million, or $5.48 per share, a year ago.
Revenue rose 12 percent to $1.35 billion. Operating expenses fell 84 percent to $86.6 million.
Excluding items, the company broke even on a per-share basis. Analysts were expecting a loss of 11 cents a share, on before items, on revenue of $1.30 billion, according to Thomson Reuters I/B/E/S.
For the first quarter, the company expects a profit of 10 cents to 15 cents per share, excluding items, on revenue of $1.35 billion to $1.45 billion.
Analysts are looking at a profit of 1 cent a share on revenue of $1.32 billion.
Shares of the company were up 13 percent at $7.50 in post-market session. They closed at $6.63 Wednesday on Nasdaq.
For alerts, please double click [ID:nWNAB0261] (Reporting by Mansi Dutta in Bangalore; Editing by Ratul Ray Chaudhuri)
