financetom
Business
financetom
/
Business
/
Sanmina Fiscal Q3 Non-GAAP Earnings, Net Sales Decline; Q4 Outlook Set -- Shares Fall After Hours
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sanmina Fiscal Q3 Non-GAAP Earnings, Net Sales Decline; Q4 Outlook Set -- Shares Fall After Hours
Jul 29, 2024 2:03 PM

04:44 PM EDT, 07/29/2024 (MT Newswires) -- Sanmina ( SANM ) reported fiscal Q3 non-GAAP earnings late Monday of $1.25 per diluted share, down from $1.55 a year earlier.

Three analysts polled by Capital IQ expected $1.29.

Net sales for the quarter ended June 29 were $1.84 billion, down from $2.21 billion a year earlier.

Three analysts surveyed by Capital IQ expected $1.86 billion.

The company expects fiscal Q4 non-GAAP diluted EPS between $1.30 and $1.40 on revenue of between $1.9 billion and $2 billion.

Three analysts polled by Capital IQ expect $1.45 and $2.03 billion.

The company's shares were down 6.6% in after-hours activity.

Price: 70.00, Change: -4.96, Percent Change: -6.62

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
SoftBank's eyes collaboration with Open AI as Son plans deal spree after Arm IPO
SoftBank's eyes collaboration with Open AI as Son plans deal spree after Arm IPO
Sep 17, 2023
SoftBank is looking at a range of alternatives to OpenAI as well, including a preliminary approach to buy Graphcore, a UK-based AI chipmaker, the report added.
iPhone 15 in 10 Minutes: Blinkit partners with Unicorn APR for rapid delivery — check trending colour on day 1
iPhone 15 in 10 Minutes: Blinkit partners with Unicorn APR for rapid delivery — check trending colour on day 1
Sep 22, 2023
The service is initially accessible in Delhi-NCR, Mumbai, Pune, and Bengaluru. The iPhone 15 series, which began shipping on Friday, September 22, has seen a massive surge in global demand since pre-orders opened on September 15. The overwhelming response has led to shipping dates extending as late as November for the iPhone 15 Pro Max.
Indian knowledge workers are a happier bunch than global counterparts, finds HP study
Indian knowledge workers are a happier bunch than global counterparts, finds HP study
Sep 22, 2023
Indian knowledge workers lead in workplace happiness, with 50 percent reporting 'profound' contentment, compared to the global average of 27 percent, according to HP's Work Relationship Index. Indian workers prioritise job satisfaction over higher salaries, with many even willing to accept lower-paying positions if it meant a better overall work experience, the study found.
More businesses use WhatsApp now in India, says Meta India VP Sandhya Devanathan
More businesses use WhatsApp now in India, says Meta India VP Sandhya Devanathan
Sep 20, 2023
"Globally, I think we have 200 million businesses on WhatsApp, using our WhatsApp business messaging app. So you see this organic behaviour translate to not just users, but also what businesses do on our platform," she said. Devanathan said that a similiar trend can be observed in India, where conversations from a user to a business on WhatsApp have doubled in the past year.  
Copyright 2023-2026 - www.financetom.com All Rights Reserved