Tech Stock in Focus; AuthenTec Review
  • Leading Healthcare Stock in Focus; Pacific Biosciences of California
  • Nasdaq Active Stock in Focus; Netflix Review
  • " />

    Techn Stock in Focus; Sanmina-SCI latest News

    Techn Stock in Focus; Sanmina-SCI latest News

    Sanmina-SCI Corp. (NASDAQ: SANM), an independent global provider of customized, integrated electronics manufacturing services (EMS), yesterday announced that its facility in Kenosha, Wisconsin, was awarded ISO 13485 certification for medical device manufacturing.

    The certification confirms the company’s world-class manufacturing capabilities, and its focus on meeting the highest level of quality assurance for products developed for the medical industry.

    Bill Adams, vice president and plant manager of Sanmina-SCI’s Kenosha facility, said that manufacturing reliable and safe medical devices is critical to everyone and that earning the ISO 13485 certification shows its commitment to produce the best quality devices for the medical market and represents a major accomplishment towards its strategy to support medical customers located in the Midwest.

    Sanmina-SCI released its most recent quarterly results (Q3) in July. The company reported revenue of $1.67 billion for the third-quarter, up 6.7% on a sequential basis. The company’s GAAP operating margin for the third quarter was 3.2%, representing an improvement of 40 basis points on a sequential basis. The company’s GAAP diluted earnings per share for the third quarter were $0.09.

    Since the release of third-quarter financial results, Sanmina-SCI shares are down 22.02%, compared with an 11.96% decline for the NASDAQ. Year-to-date, the stock is down 37.08%, compared with a 6.01% decline for the NASDAQ.

    Leave a Reply

    Your email address will not be published. Required fields are marked *