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An employee is working on a Whirlpool washing machine at the company's operating facility in Clyde, Ohio.
AK Steel shares jumped more than 10 percent after hours and returned their losses from the trading session. The stock was downgraded by Morgan Stanley earlier on Monday, which made it possible to close more than 3.5 percent. Steelmaker reported $ 1.68 billion in quarterly sales, missing estimates of $ 1.70 billion. Earnings per share Share was 16 cents vs. they expected 11 cents. The company is down 48 percent over the past six months.
Shares in Sanmina rose more than 22 percent after market close Monday based on earnings stroke and strong second quarter guidance. The electronics manufacturer amounted to DKK 2.91 billion. Dollars in revenue vs. the 1.90 billion. USD estimated. The result per The stock was 83 cents and hit an estimate of 12 cents.
Sanmina also announced that his financial manager David Anderson is planning to retire after 17 years with the company.