Super Micro Computer Q3 2024 Adj EPS $6.65 Beats $5.78 Estimate, Sales $3.850B Miss $3.952B Estimate
Portfolio Pulse from Benzinga Newsdesk
Super Micro Computer (SMCI) reported Q3 2024 adjusted EPS of $6.65, surpassing the $5.78 estimate, marking a 307.98% increase from last year. However, its sales of $3.850B fell short of the $3.952B estimate, despite a 200.08% increase from the previous year.

April 30, 2024 | 8:30 pm
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POSITIVE IMPACT
Super Micro Computer reported a significant beat on EPS but missed on sales forecasts for Q3 2024.
The substantial beat on the EPS estimate, coupled with a significant year-over-year earnings growth, is likely to positively impact investor sentiment and SMCI's stock price in the short term. However, the miss on sales estimates could temper some of the enthusiasm, but the overall strong performance and growth trajectory suggest a positive outlook.
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IMPORTANCE 90
RELEVANCE 100