Movement Alert｜Sanmina rises 5.65% in Pre-Market Trading, earnings beat and raised full-year outlook support shares

Market Focus11-11

On November 11, Sanmina rose 5.65% in Pre-Market Trading, trading at $164.215 per share, with turnover of $724,500.

The move was supported by the company’s latest quarterly results and updated guidance, both of which came in above market expectations.

Sanmina reported adjusted EPS of $4.43 for the fourth fiscal quarter, above the consensus estimate of $3.27, while revenue reached $3.858 billion versus expectations of $3.478 billion. The company also guided for first-quarter non-GAAP EPS of $3.50 to $3.85 and revenue of $3.8 billion to $4.1 billion. For the full year, it projected adjusted EPS of $15.50 to $17.50 and revenue of $17.5 billion to $19.5 billion, both above market consensus, reinforcing the earnings-driven explanation for the stock’s pre-market strength.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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