Movement Alert|Sanmina Rises 5.46% in Regular Trading, Earnings Week Approaching Amid Sector-Wide Recovery

Market Focus07-21

On July 21, Sanmina rose 5.46% in regular trading, trading at $212.65/share, with turnover of $16.77 million.

On the news front, Sanmina is scheduled to report its fiscal third-quarter earnings after market close on July 27. Market consensus expects quarterly revenue of approximately $33.96 billion, representing a 71.30% year-over-year increase, with adjusted EPS of approximately $2.77, up 95.81% year-over-year. The prior quarter delivered a significant beat, with revenue of $40.1 billion far exceeding the $32.85 billion estimate, and adjusted EPS of $3.16 surpassing expectations by 31.67%, sustaining market confidence in the company's growth trajectory.

Within the Electronic Manufacturing Services sector, the overall industry showed broad-based strength, with TTM Technologies up 7.42%, Fabrinet up 6.03%, Flex Ltd up 4.05%, and Celestica up 3.41%, providing a favorable backdrop for Sanmina's advance ahead of its earnings release.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment