Sanmina Investors May Have Legal Claims – SANM
Investors of Sanmina Corporation Stock With Losses of $100,000 or More Encouraged to Contact Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of Sanmina Corporation (“Sanmina” or the “Company”) (NASDAQ: SANM).
INVESTORS OF SANMINA STOCK WHO HAVE SUFFERED LOSSES OF $100,000 OR MORE ARE ENCOURAGED TO CLICK HERE TO CONTACT KEHOE LAW FIRM, P.C. AND PROVIDE DETAILS OF THEIR SANMINA STOCK.
Sanmina recently reported that “. . . the Company determined that certain personnel in a division within the Company’s Components, Products and Services business had failed to properly substantiate and update cost estimates for materials and other costs over the life of certain contracts.”
Sanmina also reported that “[a]s a result, the Company conducted an independent investigation under the direction of the Audit Committee of the Company’s Board of Directors . . .. Primarily due to the findings of the independent investigation, revenue was over/(understated) by approximately $10.2 million, $18.3 million, ($29.1 million), and $5.6 million, and GAAP earnings per share was over/(understated) by approximately $0.09, $0.29, $0.25, and ($0.06) in the fiscal years ended October 3, 2020, October 2, 2021 and October 1, 2022, and the first fiscal quarter ended December 31, 2022, respectively . . ..”