These Analysts Increase Their Forecasts On Penguin Solutions After Better-Than-Expected Q3 Earnings

Penguin Solutions Inc. (NASDAQ:PENG) reported upbeat earnings for the third quarter, while sales missed estimates on Tuesday.

Penguin Solutions posted adjusted earnings of 47 cents per share, beating market estimates of 33 cents per share. The company's quarterly sales came in at $324.25 million versus expectations of $328.81 million.

The company raised its FY2025 adjusted EPS guidance from $1.50-$1.70 to $1.75-$1.85, but narrowed its sales forecast from $1.33 billion-$1.41 billion to $1.35 billion-$1.39 billion.

“We delivered solid third quarter results while executing against our strategic ...