SMART Global shares are trading lower after the company reported worse-than-expected Q4 financial results and issued Q1 EPS and revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
SMART Global Holdings (SGH) reported worse-than-expected Q4 financial results and issued Q1 EPS and revenue guidance below estimates, leading to a drop in its share price.
October 13, 2023 | 12:05 pm
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NEGATIVE IMPACT
SMART Global's lower-than-expected Q4 results and disappointing Q1 guidance have negatively impacted its stock price.
SMART Global's worse-than-expected Q4 results and lower Q1 guidance indicate potential financial instability, which has led to a decrease in investor confidence and a subsequent drop in the company's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100