Movement Alert｜Sanmina Intraday Rise 8.29% in Regular Trading, earnings beat and raised full-year outlook supported shares

Market Focus11-10

On November 10, Sanmina recorded an Intraday Rise of 8.29% in Regular Trading, trading at $166.0 per share with turnover of $16.8031 million.

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

Sanmina reported adjusted EPS of $4.43 for the fourth fiscal quarter, above the consensus estimate of $3.27, on revenue of $3.858 billion versus the expected $3.478 billion. The company also guided for first-quarter non-GAAP EPS of $3.50 to $3.85 on revenue of $3.8 billion to $4.1 billion, while full-year adjusted EPS was projected at $15.50 to $17.50 with revenue of $17.5 billion to $19.5 billion, all above market expectations. Earlier reports also showed investors had already been positioned for strong growth heading into the release, with prior consensus pointing to roughly 69% revenue growth and more than 100% EPS growth.

(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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