Sanmina falls on weak Q4 net sales

Sanmina

06/11/2023 22:17

** Shares of manufacturing solutions firm Sanmina Corp
 SANM.O  down 11% at $46.70 in extended trading
    ** Company's Q4 net sales at $2.05 bln vs $2.22 bln a year
ago
    ** Sees Q1 revenue between $1.85 bln and $1.95 bln, while
expects quarterly adjusted EPS to be between $1.20 and $1.30
    ** Company posts Q4 profit per share of $1.04 vs 98 cents
per share a year earlier
    ** Up to last close, stock down 7.7% YTD

 (Reporting by Zaheer Kachwala in Bengaluru)
 ((Zaheer.Kachwala@thomsonreuters.com))