Super Micro stock falls after weaker sales guidance for fiscal Q3

Must read

Saudi Wealth Fund, Hyundai Motors Agree to Build Auto Plant

(Bloomberg) -- Hyundai Motor Co. has agreed to a deal with Saudi Arabia’s sovereign wealth fund to develop a more than $500 million car...

SANGUISUGABOGG, OMEGA INFINITY, INSOMNIUM & More Among Gimme Metal’s Top Tracks of the Week

Here's the five songs buzzing through the Gimme Metal office. ...

HATEBREED Announces Rise Of Brutality Tour With TERROR, VEIN.FM & JESUS PIECE

Hatebreed will kick off their 20 Years of Brutality this September...

This BFD is Why Big Pharma Has Sued Biden 8 Times

For the First Time: The First Ten Drugs That Will Be Negotiated Under Democrats’ Inflation Reduction Act Saving money isn’t sexy enough...

Shares of Super Micro Computer Inc. SMCI fell more than 10% in the extended session Tuesday after the IT company reported fiscal second-quarter earnings above Wall Street expectations but called for softer current-quarter sales. The company, which does business as Supermicro, earned $176 million, or $3.14 a share, in the quarter, compared with $42 million, or 78 cents a share, in the same quarter of last year. Adjusted for one-time items, the company earned $3.26 a share. Revenue rose to $1.80 billion from $1.17 billion a year ago. “We continue to lead the market with the best designs and best-in-class total IT solutions,”…

More articles

Latest article

Disney earnings beat estimates but stock drops on subscriber miss

Disney (DIS) reported fiscal third quarter earnings after the bell on Wednesday that beat expectations after the company revealed its flagship sports network ESPN...

We’re Entering Our Office Siren Era — Here’s How To Style The Viral Trend

Photo: Courtesy of Anthropologie.At Refinery29, we’re here to help you navigate this overwhelming world of stuff. All of our market picks are independently selected...

This Top Cathie Wood Stock Is Expected To Deliver 772% Earnings Growth — And It’s Near A Buy Point

Cathie Wood often invests in speculative companies with profits that are years away, though Tesla (TSLA) has been profitable for years. So has...

Dow Jones Futures Rise After Market Rallies Off Lows; Tesla Falls On This Warning

Dow Jones futures rose slightly overnight, along with S&P 500 futures and Nasdaq futures. Micron Technology (MU) reported after the close, while Peloton...