Sanmina (SANM) Stock Jumps 25% in 2019

Sanmina (SANM) Stock is surging in after hours tonight after the company reported earnings and raised guidance.

Sanmina (SANM) reported $0.83 vs $0.71 per share and raised guidance to $0.70-$0.80 from $0.60 expected.

 "We delivered revenue of $2.19 billion, up 16.6 percent sequentially, operating margin expanded 80 basis points from last quarter to 3.9 percent and earnings per share were up 40 percent to $0.83 compared to the prior quarter. Our first quarter financial performance reflects solid momentum across all of our end-markets," stated Michael Clarke, Chief Executive Officer.

https://finance.yahoo.com/news/sanmina-reports-first-quarter-financial-210200304.html