On July 30, Sanmina rose 5.58% in regular trading, trading at approximately $176.97/share, with turnover of $29.73 million. The stock is rebounding from a sharp post-earnings sell-off that saw shares decline over 13% on July 28 and an additional 5% earlier on July 30.

Sanmina reported fiscal Q3 adjusted EPS of $3.31, beating the consensus estimate of $2.77 by 19.5%, while revenue of $3.464 billion topped the $3.396 billion estimate. However, revenue declined approximately 13.7% sequentially from the prior quarter's $4.013 billion, triggering aggressive profit-taking. With the stock having fallen roughly 18% from pre-earnings levels, buyers appear to be stepping in alongside a broad sector recovery.

The Electronic Manufacturing Services sector is rebounding broadly, with TTM Technologies up 12.44%, Fabrinet up 7.69%, Celestica up 6.91%, Flex up 6.36%, while TE Connectivity declined 1.13%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)