Sanmina Sees Q3 Adj. EPS $1.22-$1.32 vs $1.36 Est., Revenue $1.8B-$1.9B vs $1.97B Est.
Portfolio Pulse from Benzinga Newsdesk
Sanmina Corporation projects its Q3 adjusted EPS to be between $1.22 and $1.32, below the estimated $1.36. Revenue expectations are set between $1.8B and $1.9B, also falling short of the estimated $1.97B.
April 29, 2024 | 8:34 pm
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NEGATIVE IMPACT
Sanmina Corporation anticipates its Q3 adjusted EPS and revenue to be below analysts' expectations.
Sanmina's projection of lower-than-expected earnings and revenue for Q3 is likely to negatively impact investor sentiment and could lead to a short-term decrease in its stock price. The miss on both top and bottom line estimates indicates potential challenges in the company's operations or market conditions that investors will view unfavorably.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100