Sanmina Q3 Adj EPS $1.55 Beats $1.53 Estimate, Sales $2.21B Miss $2.25B Estimate
Portfolio Pulse from vinayak@benzinga.com
Sanmina (NASDAQ:SANM) reported Q3 earnings of $1.55 per share, beating the analyst consensus estimate of $1.53 by 1.31%. This is a 19.23% increase from the same period last year. However, the company's quarterly sales of $2.21 billion missed the analyst consensus estimate of $2.25 billion by 1.91%, though it's a 9.31% increase from last year.
July 31, 2023 | 8:22 pm
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Sanmina's Q3 earnings beat estimates but sales missed, which could lead to mixed market reactions.
Sanmina's earnings beat the estimates, which is a positive signal for investors and could drive the stock price up. However, the company's sales missed the estimates, which could negatively impact the stock price. The net effect could be neutral in the short term.
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RELEVANCE 100