SMART Glb Hldgs: Q1 Earnings Insights
Portfolio Pulse from Benzinga Insights
SMART Global Holdings (NASDAQ:SGH) reported Q1 earnings with an EPS of $0.24, surpassing the estimate of $0.16 by 50%. However, revenue declined to $191.23 million compared to the same period last year. In the previous quarter, a miss on EPS resulted in a 44.44% share price drop the following day. The company's past earnings performance shows fluctuations in EPS and revenue when compared to estimates.
January 09, 2024 | 9:10 pm
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SMART Global Holdings reported a strong earnings beat with a 50% higher EPS than expected, but experienced a significant revenue decline from the previous year. Historical data shows that past earnings misses have negatively impacted the stock price.
While the EPS beat is positive, the significant revenue decline could worry investors, especially considering the stock's previous negative reaction to an earnings miss. The mixed results create uncertainty about the short-term stock movement.
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