Shares of SMART Global Holdings (NASDAQ: SGH) , a computer component company, tumbled today after the company reported its first-quarter 2021 results and announced a 2-for-1 share split.
The tech stock was down by 16.4% as of 12:45 p.m. ET.
SMART Global reported first-quarter fiscal 2022 sales of $470 million, up 61% from the year-ago quarter. That figure easily outpaced analysts' consensus revenue estimate of $460 million for the quarter.
For further details see:Why SMART Global Stock Plummeted Today