Movement Alert｜Sanmina Pre-Market Decline 4.13%, profit-taking follows earnings-driven rally despite strong results and raised outlook

Market Focus11-12 22:11

On November 12, Sanmina fell 4.13% in Pre-Market Trading, trading at $154.0 per share, with turnover of $122,200.

The latest market-moving backdrop is a pullback after the prior session’s earnings-driven surge, even though the company’s recently reported quarterly results and forward guidance remained above expectations.

Sanmina previously reported fourth-quarter adjusted EPS of $4.43, above the $3.27 consensus estimate, on revenue of $3.858 billion versus 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 market consensus. The most recent market update indicated the stock’s pre-market weakness followed the previous trading day’s sharp advance after those results.

(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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