Sanmina stock rises following earnings beat, outlook

Sanmina Corp.

shares rose in the extended session Thursday after the electronics-manufacturing services provider’s results, and most of its outlook, topped Wall Street expectations. Sanmina shares rose 3% after hours, following a 0.4% gain in the regular session to close at $53.55. The company reported fiscal second-quarter net income of $79.6 million, or $1.33 a share, compared with $48.6 million, or 76 cents a share, in the year-ago period.

shares rose in the extended session Thursday after the electronics-manufacturing services provider’s results, and most of its outlook, topped Wall Street expectations. Sanmina shares rose 3% after hours, following a 0.4% gain in the regular session to close at $53.55. The company reported fiscal second-quarter net income of $79.6 million, or $1.33 a share, compared with $48.6 million, or 76 cents a share, in the year-ago period.

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