On July 30, Sanmina fell 5.02% in regular trading, trading at $164.035/share with turnover of $171 million. The decline represents a continuation of selling pressure following the company's fiscal Q3 earnings release on July 27.
While Sanmina reported adjusted EPS of $3.31, beating the consensus estimate of $2.77 by 19.5%, and revenue of $3.464 billion exceeding the $3.396 billion estimate, revenue declined approximately 13.7% sequentially from the prior quarter's $4.013 billion. The beat magnitude narrowed sharply from over 22% last quarter to roughly 2%, signaling a deceleration in growth momentum. The market had previously priced in sustained high growth, and the sequential pullback continues to trigger profit-taking.
Within the Electronic Manufacturing Services sector, the industry is broadly under pressure. Flex Ltd fell 9.53%, Celestica fell 6.57%, TTM Technologies fell 6.45%, Jabil Circuit fell 5.17%, and TE Connectivity fell 3.49%.
(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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