Sanmina Fiscal Q4 Non-GAAP Earnings Rise, Sales Decline -- Shares Advance After Hours

MT Newswires Live
2024-11-05

Sanmina (SANM) reported fiscal Q4 non-GAAP earnings late Monday of $1.43 per diluted share, up from $1.42 a year earlier.

Three analysts polled by Capital IQ expected $1.27.

Net sales for the quarter that ended Sept. 28 was $2.02 billion, down from $2.05 billion a year earlier. Three analysts surveyed by Capital IQ expected $1.96 billion.

The company expects fiscal Q1 non-GAAP earnings of $1.30 to $1.40 per diluted share. Three analysts surveyed by Capital IQ expect $1.33.

The company expects revenue for the full year of $1.93 billion to $2.03 billion. Three analysts polled by Capital IQ expect $1.99 billion.

Shares traded 2% higher in after-hours activity.

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