Sanmina Sees Q4 EPS $1.47-$1.57 Vs $1.51 Est.; Revenue $2.1B-$2.2B Vs $2.23B Est.
Portfolio Pulse from Happy Mohamed
Sanmina Corporation has provided its Q4 fiscal 2023 outlook, expecting revenue between $2.1 billion to $2.2 billion and GAAP diluted earnings per share between $1.24 to $1.34. Non-GAAP diluted earnings per share are expected to be between $1.47 to $1.57. These estimates are lower than the estimated revenue of $2.23 billion and EPS of $1.51.
July 31, 2023 | 8:18 pm
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NEGATIVE IMPACT
Sanmina's Q4 fiscal 2023 outlook is lower than expected, which could negatively impact its stock price in the short term.
Sanmina's projected revenue and EPS for Q4 fiscal 2023 are lower than the estimates. This could lead to a negative sentiment among investors, potentially causing a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100