Sanmina-SCI ( SANM - Get Report) on Thursday beat fiscal fourth-quarter earnings by a penny.

The company forecast first-quarter earnings essentially in line with expectations but indicated that revenue could come in a little lighter than analysts' forecasts.

Under generally accepted accounting principles, Sanmina reported net income of $15.1 million, or 3 cents a share, compared with net income of $5.3 million, and a penny a share, for the same period last year.

In the third quarter, the company saw a net loss of $202,000, or break-even on a per-share basis

Excluding charges, Sanmina posted non-GAAP net income for the fourth quarter of $31.3 million, or 6 cents a share, compared with to non-GAAP net income of $35.4 million, or 7 cents a share, last year and non-GAAP net income of $24.4 million, or 5 cents a share, in the third quarter.

The company posted revenue of $2.77 billion, compared with $3.30 billion in the fourth quarter of fiscal 2004, which ended Oct. 2, 2004.

Analysts were expecting earnings of 5 cents a share on $2.73 billion in sales in the quarter.

For the fiscal first quarter, Sanmina forecast revenue in the range of $2.8 billion to $2.9 billion and non-GAAP earnings per share between 6 cents and 8 cents. Analysts were forecasting earnings of 7 cents a share on sales of $2.92 billion for the first quarter.

Shares of Sanmina, an electronics contract manufacturer, fell 4 cents to close at $3.66; shares climbed to $3.97 in recent after-hours trading.