SMART Glb Hldgs Q4 EPS $0.35 Misses $0.45 Estimate, Sales $316.66M Miss $375.04M Estimate
Portfolio Pulse from Benzinga Newsdesk
SMART Global Holdings (NASDAQ:SGH) reported Q4 earnings of $0.35 per share, missing the analyst consensus estimate of $0.45 by 22.22%. This is a 56.25% decrease from the same period last year. The company also reported quarterly sales of $316.66 million, missing the analyst consensus estimate of $375.04 million by 15.57%. This is a 27.65% decrease from the same period last year.
October 12, 2023 | 8:07 pm
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NEGATIVE IMPACT
SMART Global Holdings' Q4 earnings and sales missed estimates, indicating a potential negative impact on the company's stock price.
SMART Global Holdings reported lower than expected earnings and sales for Q4, which is likely to negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100