Sanmina Corporation (NASDAQ:SANM – Get Free Report) reached a new 52-week high during mid-day trading on Tuesday after the company announced better than expected quarterly earnings. The stock traded as high as $110.39 and last traded at $112.41, with a volume of 148760 shares. The stock had previously closed at $98.35.\n\nThe electronics maker reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.11. Sanmina had a net margin of 3.22% and a return on equity of 11.40%. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the company posted $1.25 EPS. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. \n\nSanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two businesses, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, manufacturing design release, and product industrialization; assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services, as well as engages in the manufacturing of components, subassemblies, and complete systems.

Sanmina (NASDAQ:SANM) Hits New 52-Week High Following Earnings Beat

Sanmina Corporation reported better-than-expected quarterly earnings, driving its stock to a new 52-week high. The company achieved $1.53 EPS, surpassing analyst estimates, and saw revenue growth of 10.9% year-over-year.