Movement Alert｜Sanmina Intraday Decline 4.14%, profit-taking follows earnings-driven rally despite strong results

Market Focus11-12 23:02

On November 12, Sanmina fell 4.14% in Regular Trading, trading at $161.3 per share, with turnover of $19.8418 million.

The move followed a pullback after the prior session’s earnings-driven advance, even though the company’s latest quarterly results and forward guidance remained above market expectations.

Sanmina previously reported fourth-quarter adjusted EPS of $4.43 versus the $3.27 consensus estimate, on revenue of $3.858 billion compared with expectations of $3.478 billion. It also guided first-quarter non-GAAP EPS to $3.50-$3.85 on revenue of $3.8-$4.1 billion, while full-year adjusted EPS was projected at $15.50-$17.50 with revenue of $17.5-$19.5 billion, both above consensus. The latest market update indicated the current weakness reflects profit-taking after the earlier rally rather than a deterioration in the reported fundamentals.

(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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