Why Sanmina (SANM) Stock Is Soaring In After-Hours Trading Today

NEW YORK (TheStreet) -- Shares of Sanmina  (SANM) are surging 8.95% to $22.34 in after-hours trading today following a strong third quarter earnings report that showed an increase in net income to $20.72 million, or 24 cents per share, up from $18.74 million, or 22 cents per share, a year ago.

Revenue for the manufacturing solutions company was $1.6 billion versus the consensus estimate of $1.55 billion, up 8% year over year.

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SANM Chart SANM data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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