Sanmina shares are trading higher after the company reported better-than-expected Q1 financial results and issued Q2 adjusted EPS and revenue guidance above estimates.
Portfolio Pulse from Benzinga Newsdesk
Sanmina Corporation's stock is trading higher following the announcement of their Q1 financial results, which surpassed expectations. Additionally, the company provided Q2 guidance for adjusted EPS and revenue that exceeded analyst estimates.
January 29, 2024 | 9:39 pm
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POSITIVE IMPACT
Sanmina Corporation reported Q1 financial results that exceeded expectations and issued Q2 guidance for adjusted EPS and revenue above analyst estimates, leading to a rise in stock price.
The positive financial results for Q1 and the optimistic guidance for Q2 suggest strong company performance and potential for continued growth, which typically results in increased investor confidence and a rise in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100