04:21 PM EDT, 10/15/2024 (MT Newswires) -- Penguin Solutions (PENG) reported fiscal Q4 non-GAAP earnings late Tuesday of $0.37 per diluted share, up from $0.35 a year earlier.

Analysts surveyed by Capital IQ expected $0.40.

Net sales for the quarter ended Aug. 30 were $311.1 million, down from $316.7 million a year earlier.

Analysts surveyed by Capital IQ expected $325 million.

The company said it expects fiscal 2025 non-GAAP EPS of $1.70, plus or minus $0.20. Analysts surveyed by Capital IQ expect $1.92.

Shares dropped 17% in recent after-hours activity.

Price: 17.00, Change: -3.41, Percent Change: -16.71