Sanmina Corporation (NASDAQ:SANM) is reporting fourth quarter financial results on Tuesday 10th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, SANM is expected to report 4Q20 income of $ 0.77 per share from revenue of $ 1785.81 million.
For the full year, analysts anticipate top line of $ 6871.31 million, while looking forward to income of $ 2.76 per share bottom line.
The Company Outlook
Earnings for 4Q20 are anticipated in a range of $ 0.73 ~ $ 0.83 per share, while revenues are expected in a range of $ 1,730.00 million ~ $ 1,830.00 million
Click Here For More Historical Outlooks Of Sanmina Corporation
Previous Quarter Performance
Sanmina Corporation unwinded income for the third quarter of $ 0.86 per share, from the revenue of $ 1,655.00 million. Wall street analysts are predicting, SANM to report 3Q20 income of $ 0.35 per share from revenue of $ 1560.00 million. The bottom line results beat street analysts by $ 0.51 or 145.71 percent, at the same time, top line results outshined analysts by $ 95.00 million or 6.09 percent.
Stock Performance
Shares of Sanmina Corporation traded up $ 2.01 or 7.53 percent on Monday, reaching $ 28.71 with volume of 545.40 thousand shares. Sanmina Corporation has traded high as $ 29.30 and has cracked $ 27.49 on the downward trend
According to the previous trading day, closing price of $ 28.71, representing a 45.58 % increase from the 52 week low of $ 18.34 and a 23.63 % decrease over the 52 week high of $ 34.96.
The company has a market capital of $ 1.95 billion and is part of the Technology sector and Electronic Components industry.
Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two segments, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, and manufacturing design release; manufacturing solutions of components, subassemblies, and complete systems; final system assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services.
