U.S. Markets closed

Small-cap tech stock Sanmina jumps more than 20 percent on better-than-expected earnings

Gillian Brassil

Sanmina reported profit and sales that were better than anticipated for their second quarter of fiscal 2018. Despite the jump, Sanmina's shares are still down 16 percent over the last 12 months. Sanmina SANM shares skyrocketed more than 20 percent on Tuesday after the company reported better-than-expected profit and sales for the last quarter and said this quarter's earnings could top Wall Street expectations as well.