Sanmina Says Q1 Outlook Is Down Sequentially, Driven By Some Customers Continuing To Adjust Inventory Levels And Ongoing Macroeconomic Uncertainty
Portfolio Pulse from Benzinga Newsdesk
Sanmina Corporation (SANM) has announced that its Q1 outlook is down sequentially due to some customers continuing to adjust inventory levels and ongoing macroeconomic uncertainty.
November 06, 2023 | 9:59 pm
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Sanmina's Q1 outlook is down sequentially, which could negatively impact its stock price in the short term.
Sanmina's announcement of a downward Q1 outlook due to inventory adjustments and macroeconomic uncertainty could lead to a decrease in investor confidence, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100