Super Micro Computer Stock Is Tumbling Wednesday: What's Going On?
Super Micro Computer Stock Is Tumbling Wednesday: What's Going On?
Super Micro Computer, Inc. (NASDAQ:SMCI) shares are trading lower Wednesday after the company reported worse-than-expected third-quarter financial results on Tuesday after the market closed.The Details: Super Micro reported adjusted earnings per share of 31 cents, missing the consensus estimate of 50 cents. In addition, the company reported sales of $4.60 billion, missing the consensus estimate of $5.42 billion.Super Micro reported cash flow from operations of $627 million and capital expenditures of $33 million.“We continue to make great progress with our DCBBS (Data Center Building Block Solution), DLC (Direct Liquid Cooled-2) and AI technology leadership, but some customers delayed making platform decisions in the quarter,” said Charles ...Full story available on Benzinga.com
