Super Micro Computer Q4 Earnings: Revenue In Line, Shares Surge On Strong Guidance, 10-For-1 Stock Split
Portfolio Pulse from Adam Eckert
Super Micro Computer Inc (NASDAQ:SMCI) reported Q4 revenue of $5.31 billion, in line with estimates, and earnings of $6.25 per share, below analyst estimates of $8.10. The company announced a 10-for-1 stock split and provided strong guidance for Q1 and fiscal year 2025. Shares surged initially but fell 4.37% in after-hours trading.
August 06, 2024 | 8:50 pm
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Super Micro Computer reported Q4 revenue of $5.31 billion, in line with estimates, and earnings of $6.25 per share, below analyst estimates of $8.10. The company announced a 10-for-1 stock split and provided strong guidance for Q1 and fiscal year 2025. Shares surged initially but fell 4.37% in after-hours trading.
The strong revenue guidance for Q1 and fiscal year 2025, along with the 10-for-1 stock split, are positive indicators for future growth. However, the lower-than-expected earnings and the after-hours price drop suggest mixed short-term sentiment.
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