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SMART Global Holdings (SGH) Has Tumbled To A New Low 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.

SMART Global Holdings gapped open sharply lower Wednesday morning and is now down 8.53 at $23.38 on above average volume. The stock has tumbled to a new low for the year.

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