Categories Earnings, Technology

Smart Global Holdings (SGH) Q2 2020 Earnings Snapshot

— 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

McCormick (MKC) expects pricing to drive sales growth for the full year of 2022

Shares of McCormick & Co. Inc. (NYSE: MKC) were up on Thursday after the company beat sales estimates for the third quarter of 2022. Adjusted earnings, however, decreased from the

STZ Infographic: Highlights of Constellation Brands’ Q2 2023 earnings results

Constellation Brands, Inc. (NYSE: STZ) announced second-quarter 2023 earnings results on Thursday, reporting a 12% increase in net sales. Comparable earnings, adjusted for one-off items, climbed 33% year-over-year to $3.17

Conagra Brands (CAG) Q1 earnings beat estimates on higher revenues

Packaged Foods company Conagra Brands Inc. (NYSE: CAG) on Thursday said its first-quarter profit increased supported by a 10% revenue growth. Earnings also came in above the consensus forecast. At $2.90

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top