Sanmina rallies 10% on earnings and guidance
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Sanmina (SANM.US) is currently priced at $206.71, up 9.90% for the day, with an intraday increase of over 10%, and a market capitalization of approximately $6.3 billion. The company is a leader in the global electronic manufacturing services industry, and the intraday volatility is mainly driven by second-quarter results that beat market expectations and an upward revision of third-quarter revenue guidance. Recently, brokerages have focused on the company's revenue growth, leading to a corresponding rise in stock price
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