Sanmina Corp. (NASDAQ:SANM) shares plummeted 5.08% during Monday's intraday trading session, amid investor concerns ahead of the company's quarterly earnings report scheduled for after the market close.
Analysts expect Sanmina to report earnings of $1.36 per share on revenue of $1.98 billion for the latest quarter. The electronics manufacturing services provider's stock has been under pressure recently, as investors brace for potential disappointments or weak guidance from the company.
The broader market sentiment also remained cautious, with the S&P 500 retreating from fresh record highs on Monday. The CNN Money Fear and Greed Index showed an improvement in overall market sentiment but remained in the "Neutral" zone, reflecting a mix of optimism and caution among investors.
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