Recap: Sanmina Q1 Earnings
Portfolio Pulse from Benzinga Insights
Sanmina Corporation (NASDAQ:SANM) reported Q1 earnings with an EPS of $1.3, beating estimates by 6.56% but with a revenue decline from the previous year. Last quarter's EPS miss resulted in a 14.33% share price drop the following day. Historical earnings data shows fluctuating performance over the past four quarters.
January 29, 2024 | 9:05 pm
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Sanmina reported a higher-than-expected Q1 EPS of $1.3, which could positively influence investor sentiment. However, the year-over-year revenue decline may raise concerns about growth.
The EPS beat may provide a short-term positive impact on SANM's stock price, but the revenue decline could offset investor enthusiasm. Historical performance indicates that the stock is sensitive to earnings reports, as seen from the last quarter's drop after an EPS miss.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100