Recap: SMART Glb Hldgs Q1 Earnings

Shares of SMART Glb Hldgs SGH rose 1.37% in after-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were up 41.82% over the past year to $0.78, which beat the estimate of $0.70.

Revenue of $291,697,000 rose by 7.23% year over year, which beat the estimate of $290,930,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Jan 05, 2021

Time: 04:30 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/tvipvdii

Recent Stock Performance

Company's 52-week high was at $39.95

52-week low: $16.42

Price action over last quarter: Up 58.94%

Company Description

SMART Global Holdings Inc is a designer and manufacturer of electronic products focused on memory and computing technology areas. It specializes in application-specific product development and support for customers in the enterprise, government and original equipment manufacturer (OEM) markets. It operates in three primary product areas: Specialty Memory Products, Brazil Products which is the key revenue driver, and Specialty Compute and Storage Solutions. Its product revenues are derived from the sale of memory modules, flash memory cards, computing products, and storage products; and service revenues are derived from procurement, logistics, inventory management, temporary warehousing, kitting and packaging services. The company has a presence in the U.S., Europe, Asia, and Latin America.