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SMART Global Holdings (SGH) Is Falling After Q1 Miss

SMART Global Holdings (SGH) reported first quarter non-GAAP EPS of $1.75 after the bell Tuesday, compared to $1.16 a year ago. The consensus estimate was for EPS of $1.77. Second quarter non-GAAP EPS is expected to be between $0.73 and $0.77. Street expectations are for EPS of $1.32. The stock is now down 3.85 on 127K shares.

SMART Global Holdings was range-bound throughout Tuesday's session and closed up by 0.24 at $31.91.

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