Why Sanmina (SANM) Stock Is Soaring Today

NEW YORK (TheStreet) -- Sanmina (SANM) shares are up 14.4% to $20.89 in trading on Wednesday following the release of the company's second quarter 2014 earnings results.

The company posted revenue of $1.48 billion, matching analysts consensus estimates and beating first quarter revenues of $1.45 billion.

Non-GAAP EPS for the quarter was 44 cents, beating analysts estimates by 5 cents.

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