The company reported adjusted earnings of $1.24 per share on $42.98 billion in revenue for the fourth quarter of 2023.
While the company's operating income also beat analysts' estimates, it declined on a year-over-year basis.
On Monday, Sanmina reported adjusted earnings of $1.30 per share, more than analysts' estimates for earnings of $1.15 per share, according to FactSet.
Smith issued full-year guidance, with the lower end of its forecast coming in below analysts' estimates, per FactSet.
The company anticipates adjusted earnings for 2024 of $3.90 to $4.15 per share, while analysts called for $4.05 per share.
Persons:
Morgan Stanley, FactSet, Sanmina, MSCI, Nucor, LSEG, Smith, —, Alex Harring, Hakyung Kim, Tanaya Macheel, Jesse Pound, Samantha Subin
Organizations:
General Motors, United Parcel Service, UPS, LSEG, Wall Street . Bank of America, Citigroup, Bank of America, JetBlue Airways —, JetBlue, Petroleum, Marathon Petroleum, Whirlpool, Corning — Corning, FactSet, Management, Computer
Locations:
FactSet, Corning, U.S