Sanmina Corp Q1 earnings exceeded estimates at $1.30 EPS.

Sanmina Corp, an electronics manufacturer, reported Q1 earnings exceeding analysts' consensus estimates by $0.15 EPS at $1.30 EPS, but revenues were slightly lower than expected at $1.83bn. The company's revenue dropped by 20.9% compared to the same quarter last year, and it announced an updated Q3 guidance between $1.22 to $1.32 EPS. Despite this, Sanmina's stock price surged by $1.03, reaching $64.00.

April 29, 2024
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