Movement Alert｜Sanmina falls 4.21% in Regular Trading, post-earnings pullback continues after earlier rally

Market Focus11-13 22:54

On November 13, Sanmina fell 4.21% in Regular Trading, trading at $157.7995 per share, with turnover of $6.654 million.

The latest move followed continued profit-taking after the company’s recent earnings-driven surge, even though its fourth-quarter results and forward guidance both came in well above market expectations.

Sanmina previously reported fourth-quarter adjusted EPS of $4.43 on revenue of $3.858 billion, above consensus estimates of $3.27 and $3.478 billion. The company guided first-quarter non-GAAP EPS to $3.50-$3.85 on revenue of $3.8-$4.1 billion, and projected full-year adjusted EPS of $15.50-$17.50 on revenue of $17.5-$19.5 billion, all ahead of market expectations. After the sharp post-results rally earlier in the week, the stock has continued to give back part of those gains in recent trading.

(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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