Sanmina Q3 2024 Adj EPS $1.25 Misses $1.28 Estimate, Sales $1.84B Miss $1.86B Estimate
Portfolio Pulse from Benzinga Newsdesk
Sanmina (NASDAQ:SANM) reported Q3 2024 earnings per share of $1.25, missing the analyst estimate of $1.28. The company also reported sales of $1.84 billion, falling short of the $1.86 billion estimate and marking a 16.58% decrease from the same period last year.
July 29, 2024 | 8:04 pm
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NEGATIVE IMPACT
Sanmina's Q3 2024 earnings and sales both missed analyst estimates, with a significant year-over-year sales decline of 16.58%.
Sanmina's earnings and sales both missed analyst estimates, which is likely to negatively impact the stock price in the short term. The significant year-over-year decline in sales further exacerbates the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100