Why SMART Global Holdings Stock Fell After-Hours
Portfolio Pulse from Ryan Gustafson
SMART Global Holdings, Inc. (NASDAQ:SGH) reported worse-than-expected Q4 results and issued Q1 earnings per share and revenue guidance below estimates. The company reported Q4 earnings of 35 cents per share, missing the analyst consensus estimate of 45 cents, and sales of $316.66 million, missing the estimate of $375.04 million. The company anticipates Q1 earnings per share of 15 cents +/- 15 cents, versus the estimate of 40 cents, and revenue of $275 million +/- $25 million, versus the $383.44 million estimate.
October 12, 2023 | 8:30 pm
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SMART Global Holdings reported lower than expected Q4 earnings and sales, and issued lower than expected Q1 guidance.
The company's lower than expected Q4 results and Q1 guidance are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100