Movement Alert｜Sanmina Falls 5.32% in Regular Trading, Profit-Taking After Earnings Beat

Market Focus10-09

On October 9, Sanmina fell 5.32% in regular trading, trading at $207.745/share, with Turnover of $37.27 million.

Despite the company's latest quarterly results showing adjusted EPS significantly above market expectations, the stock experienced a sharp rally after the earnings release and is now showing clear signs of profit-taking. The broader Electronic Manufacturing Services sector remains cautious, with Celestica down 6.5%, Flex Ltd down 6.24%, Fabrinet down 4.37%, Jabil Circuit down 2.06%, and TE Connectivity down 2.01%.

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide, serving original equipment manufacturers in the industrial, medical, defense and aerospace, automotive, communications networks, and cloud solutions sectors.

(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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