BUZZ-Sanmina shares soar on strong fourth quarter results

November 10 - ** Sanmina Corp (SANM.O) shares rose 13.5% in pre-market trading to $169.90

** According to data compiled by London Stock Exchange Group (LSEG), the manufacturing solutions company reported (link) adjusted earnings per share for the fourth quarter of $4.43, exceeding analysts' average estimate of $3.27

** Forecasts adjusted earnings per share for fiscal year 2027 at $15.50–$17.50, above the expected $14.07

** Performance reflects broad-based demand growth and benefits from the integration of ZT Systems, which boosted SANM’s cloud and AI infrastructure business

** SANM reported fourth quarter revenue of $3.86 billion, also exceeding the expected $3.48 billion

** Out of seven brokerages, three rate the stock a “buy” or higher, and four rate it “hold”; the median price target is $223 — LSEG data

** As of the previous trading day’s close, the stock was down 0.3% for the year

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