— Smart Global Holdings (NASDAQ: SGH) reported its second-quarter 2020 adjusted earnings of $0.52 per share versus $0.50 per share expected.
— Net sales decreased by 10.5% to $272 million versus $268.93 million expected.
— GAAP loss was $9.7 million or $0.41 per share compared to a profit of $12.8 million or $0.55 per share in the prior-year quarter.
— For the third quarter of 2020, the company expects GAAP EPS to be $0.33 + or – $0.05 and non-GAAP to be $ 0.68 + or – $0.05. Sales pegged to be in the range of $270 million to $300 million.
— Specialty Memory Products sales retreated by 3.5% to $111.5 million.
— Specialty Compute and Storage Solutions sales jumped by 52% year-over-year to $62.9 million.
— Brazil products sales plunged by 36% to $97.7 million.
— SGH stock rose more than 5% in the after-market hours.
Most Popular
Earnings Preview: What to look for when Netflix (NFLX) reports Q4 2025 results
Netflix, Inc. (NASDAQ: NFLX) is expected to report Q4 results on January 20, amid expectations for strong revenue and earnings growth. The company is navigating a shifting streaming landscape where
What to look for when United Airlines (UAL) reports its Q4 2025 earnings results
Shares of United Airlines (NASDAQ: UAL) stayed red on Thursday. The stock has gained 15% over the past three months. The airline is scheduled to report its earnings results for
Infographic: How Constellation Brands (STZ) performed in Q3 2026
Constellation Brands, Inc. (NYSE: STZ) reported net sales of $2.22 billion for the third quarter of 2026, down 10% year-over-year. Organic net sales were down 2%. Net income attributable to
