Thursday, June 28, 2007

Solectron posts lower profit on charges

(Reuters) - NEW YORK, June 28 - Contract electronics maker Solectron Corp. posted a lower fiscal third quarter profit on restructuring charges on Thursday , but narrowly beat Wall Street expectations.



Solectron reported a quarterly profit of $12.1 million, or 1 cent per share, from $42 million, or 5 cents per share a year earlier.


Read more at Reuters.com Mergers News

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