Super Micro Computer Q2 Adj EPS $5.59 Beats $4.93 Estimate, Sales $3.67B Beat $3.06B Estimate
Portfolio Pulse from totan@benzinga.com
Super Micro Computer (NASDAQ:SMCI) reported Q2 adjusted EPS of $5.59, surpassing the $4.93 estimate, and sales of $3.67B, exceeding the $3.06B estimate. This represents a 71.47% increase in EPS and a 103.27% increase in sales compared to the same period last year.
January 29, 2024 | 9:08 pm
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Super Micro Computer reported a strong Q2 with earnings and sales significantly exceeding analyst estimates, indicating robust financial performance and growth.
The substantial beat on both earnings per share and sales estimates, coupled with the impressive year-over-year growth, is likely to instill investor confidence and could lead to a short-term increase in SMCI's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100