Penguin Solutions Fiscal Q1 Non-GAAP Earnings, Sales Rise; Shares Jump After Hours-March 2024-www.financetom.com

Penguin Solutions Fiscal Q1 Non-GAAP Earnings, Sales Rise; Shares Jump After Hours

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Penguin Solutions Fiscal Q1 Non-GAAP Earnings, Sales Rise; Shares Jump After Hours

Jan 8, 2025 2:02 PM

04:32 PM EST, 01/08/2025 (MT Newswires) -- Penguin Solutions ( PENG ) reported fiscal Q1 non-GAAP earnings late Wednesday of $0.49 per diluted share, up from $0.24 a year earlier.

Analysts surveyed by FactSet expected $0.39.

Net sales for the quarter ended Nov. 29 were $341.1 million, up from $274.2 million a year earlier. Analysts surveyed by FactSet expected $320 million.

The company said it expects fiscal 2025 non-GAAP diluted EPS of $1.50, plus or minus $0.20. Analysts expect $1.65.

Shares of Penguin Solutions ( PENG ) were up nearly 8% in after-hours activity.

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