Sigmatron International: Jumps on posting quarterly profit
24/07/2019 17:46
** Shares of electronic manufacturing services provider
SGMA.O jump as much as 39% at $3.69, hitting a 7-month high,
after posting strong Q4 results
** Stock now up ~19% at $3.17
** Co posts a profit of 23 cents/shr vs. a loss of $1.04/shr
a year earlier, helped by higher sales and improved pricing
urn:newsml:reuters.com:*:nGNX7KNxb1
** SGMA among top percentage gainers across all exchanges
** Stock set for its biggest one-day percentage gain in
about five years
** Peers Benchmark Electronics Inc BHE.N , Sanmina Corp
SANM.O , Flex Ltd FLEX.O all up between 0.6% and 1%
** Including session's gains, SGMA up ~35% this year,
compared with a 24% rise in the Nasdaq industrial index .IXID
in the same time
(Reporting by C Nivedita in Bengaluru)
((C.Nivedita@thomsonreuters.com; +1 646 223 8780 ;))