After-hours movers: Ventyx sinks on trial disapointment, TransMedics surges on strong revenue

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Sanmina (SANM) tumbles as ongoing customer inventory adjustments impact Q4 revenue

November 7, 2023 11:39 AM EST

Sanmina (NASDAQ: SANM) shares plunged more than 14% Tuesday after its latest earnings release missed consensus expectations.

The company reported Q4 EPS of $1.42, $0.03 worse than the analyst estimate of $1.45. Revenue for the quarter came in at $2.05 billion, down 7% YoY but below the consensus estimate of $2.15 billion.

Revenue for the fourth quarter... More