SMART Global beats by $0.06, beats on revs; guides NovQ EPS above consensus, revs in-line
- Reports Q4 (Aug) earnings of $1.72 per share, excluding non-recurring items, $0.06 better than the S&P Capital IQ Consensus of $1.66; revenues rose 67.7% year/year to $373.97 mln vs the $368.51 mln S&P Capital IQ Consensus.
- Co says driving performance was strength in its Specialty Memory business which had a very strong quarter and earned new NVDIMM and VLP RDIMM design wins at major Storage and Server customers. Co also had design wins for its ruggedized SSD products and its Embedded Data Cache product in the Industrial Automation market. Brazil also continued its strong performance.
- Co issues guidance for Q1 (Nov), sees EPS of $1.74-1.79, excluding non-recurring items, vs. $1.69 S&P Capital IQ Consensus; sees Q1 revs of $375-390 mln vs. $384.3 mln S&P Capital IQ Consensus.
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