Sanmina shares are trading lower after the company reported worse-than-expected Q3 revenue results and issued Q4 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Sanmina Corporation reported lower than expected Q3 revenue results and issued Q4 revenue guidance below estimates, leading to a drop in its share price.
August 04, 2023 | 9:31 am
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NEGATIVE IMPACT
Sanmina's lower than expected Q3 revenue and disappointing Q4 guidance may negatively impact its stock price in the short term.
Sanmina's stock price is likely to be negatively impacted due to the company's lower than expected Q3 revenue and disappointing Q4 guidance. Investors often react to such news by selling off shares, leading to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100