Seeking Alpha

Sanmina-SCI (SANM) +12.3% AH after posting a mixed FQ3 report, but guiding for FQ4 revenue of...

Sanmina-SCI (SANM) +12.3% AH after posting a mixed FQ3 report, but guiding for FQ4 revenue of $1.575B-$1.625B, above a $1.53B consensus. EPS is expected to come in at $0.32-$0.38, in-line with a $0.34 consensus. Sanmina shares have been beaten down on an assortment of macro, IT spending, and telecom capex worries. Fellow contract manufacturers such as FLEX, JBL, and PLXS could rally tomorrow in sympathy. (PR)
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)