Stock Track | Sanmina Plummets 14.01% Intraday on Disappointing Q2 Outlook and Profit Decline

Stock Track

01/27

Sanmina's stock plummeted 14.01% in intraday trading on Tuesday, extending losses from pre-market trading.

The manufacturing solutions provider reported first-quarter results that showed a significant decline in profitability compared to the same period last year. Despite beating analyst expectations for the first quarter, investors reacted negatively to Sanmina's second-quarter outlook, which fell short of market expectations for both revenue and adjusted earnings per share.

Additionally, the company's quarterly profit showed a substantial decline, with net income dropping to $49.3 million compared to $65.0 million in the same period last year, contributing to the negative market sentiment despite strong demand in certain business segments.

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Despite beating analyst expectations for the first quarter, investors reacted negatively to Sanmina's second-quarter outlook, which fell short of market expectations for both revenue and adjusted earnings per share.</p><p>Additionally, the company's quarterly profit showed a substantial decline, with net income dropping to $49.3 million compared to $65.0 million in the same period last year, contributing to the negative market sentiment despite strong demand in certain business segments.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SANM","symbol_name":"新美亞電子","start_time":0,"source_url":"","article_id":"1103633455","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1103633455","pubTimestamp":1769524389,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Sanmina's stock plummeted 14.01% in intraday trading on Tuesday, extending losses from pre-market trading.The manufacturing solutions provider reported first-quarter results that showed a significant...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SANM":"新美亚电子"},"translate_title":"个股赛道|Q2前景令人失望盈利下滑三米娜盘中暴跌14.01%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SANM":1},"content_text":"Sanmina's stock plummeted 14.01% in intraday trading on Tuesday, extending losses from pre-market trading.The manufacturing solutions provider reported first-quarter results that showed a significant decline in profitability compared to the same period last year. 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