Super Micro Computer shares are trading lower. The company announced its Q3 earnings date and did not provide preliminary estimates as it did with Q2.
Portfolio Pulse from Benzinga Newsdesk
Super Micro Computer (SMCI) shares are trading lower after the company announced its Q3 earnings date without providing preliminary estimates, a departure from its Q2 practice.
April 19, 2024 | 1:22 pm
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Super Micro Computer's decision to not provide preliminary Q3 earnings estimates, unlike Q2, has led to a decrease in its stock price.
The lack of preliminary earnings estimates for Q3, contrary to the previous quarter's practice, may raise concerns among investors about the company's performance and transparency, leading to negative sentiment and a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
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