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Sanmina Stock Soars 0.32% on Earnings Beat
Generated by AI AgentAinvest Movers Radar
Monday, Apr 28, 2025 6:30 pm ET1min read
Sanmina's stock price rose to its highest level since February 2025 today, with an intraday gain of 0.32%.
Sanmina's recent financial performance and guidance have significantly influenced its stock price. The company reported robust second-quarter fiscal 2025 results, with revenue at the high end of expectations and non-GAAP earnings per share exceeding forecasts. However, the stock price declined as the third-quarter revenue guidance of $1.93B-$2.03B fell short of analyst expectations of $2.07B. Despite beating earnings estimates by $0.01 per share, the missed revenue estimates contributed to the stock's decline.
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