Sanmina flames after the accounts

(Boursier.com) — sanmina jumped 5% last night after trading on Wall Street. The American electronics production subcontractor announced, for its first fiscal quarter 2022 ended in early January, revenues of 1.76 billion dollars, a non-GAAP operating margin of 5% and adjusted earnings per share of 1.08 $. The consensus was 95 cents quarterly adjusted EPS for 1.65 billion billings. For the second fiscal quarter, Sanmina anticipates revenue ranging from $1.7 billion to $1.8 billion, as well as adjusted earnings per share housed between 95 cents and $1.05.