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Benzinga

Business

Lekha Gupta

Why Penguin Solutions Stock Are Tumbling On Wednesday?

PENG Penguin Solutions Penguin

Analyst

Penguin Solutions, Inc. (NASDAQ:PENG) shares are declining premarket on Wednesday after the company reported mixed fourth-quarter results on Tuesday.

Earnings: The company reported net sales growth of 9% year-over-year to $338 million, up 9% year over year (Y/Y), missing the consensus of $342.1 million.

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