logo
  

Sanmina Corp. (SANM) Is Climbing After Q4 Profit Topped Expectations

Sanmina Corp. (SANM) reported fourth quarter non-GAAP EPS of $0.61 after the close Monday, up from $0.46 in the prior year period. Analysts expected EPS of $0.54. First quarter non-GAAP EPS is expected to be between $0.55 and $0.60. The consensus estimate is for EPS of $0.49. The stock is now up 2.64 on 34K shares.

Sanmina was range-bound throughout Monday's session and closed down by 0.11 at $19.36.

For comments and feedback contact: editorial@rttnews.com

Business News

Get Access to Premium Stock Alerts with RTT Intelligent Investor.

All eyes were on the U.S. Federal Reserve this week as the bank announced its latest policy decision. Find out the signals given out by Chair Jerome Powell regarding the future path of interest rates. Some key data on the U.S. private sector economy were also released. Other main news included the flash estimates of first quarter GDP from Eurozone. Elsewhere, the Paris-based think tank OECD released its latest round of macroeconomic projections for the global economy.

View More Videos
RELATED NEWS
Follow RTT