Suche
Mein Konto
Super Micro Computer surprises with strong quarterly figures
Super Micro shares fall sharply despite multiplying profits - sales weaker than hoped. Find out more about the latest developments at Super Micro Computer! #StockMarket #Finance #Quarterly Report
Super Micro Computer surprises with strong quarterly figures
Super Micro Computer released its quarterly report for the third quarter of fiscal 2024 after the US trading close. Investors were excited to see the numbers as the AI hardware provider did not release preliminary numbers this time. In the period under review, Super Micro Computer posted earnings of $6.65 per share, compared to expectations for EPS of $5.80. Compared to the same period last year, in which earnings per share were $1.63, Super Micro Computer was able to record a significant increase.
Super Micro Computer's revenue also increased significantly during the period, reaching $3.85 billion. This compares to the same quarter last year, where revenue was $1.28 billion. Despite the positive profit, the company missed analysts' estimates for quarterly revenue, which were $3.99 billion.
On Wednesday, Super Micro Computer shares responded with a 9.95 percent discount to $773.35 in premarket NASDAQ trading. Despite the impressive increase in profits, investors were disappointed by the weaker than expected sales. The stock's reaction reflects the mismatch between analyst expectations and actual numbers.