Sanmina Sees Q2 2024 Adj. EPS $1.20-$1.30 Vs $1.09 Est.; Revenue $1.825B-$1.925B Vs $1.8B Est.
Portfolio Pulse from Benzinga Newsdesk
Sanmina Corporation projects Q2 2024 adjusted EPS to be between $1.20 and $1.30, surpassing the estimated $1.09. The company also forecasts revenue to be in the range of $1.825 billion to $1.925 billion, which is higher than the estimated $1.8 billion.
January 29, 2024 | 9:06 pm
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Sanmina Corporation expects higher Q2 2024 earnings and revenue than analysts' estimates, indicating potential growth and financial strength.
Sanmina's projection of higher-than-expected earnings and revenue for Q2 2024 suggests the company is performing better than analysts anticipated. This positive outlook is likely to instill investor confidence and could lead to a short-term increase in the stock price, as earnings and revenue beats are typically seen as bullish indicators.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100