What's Going On With Super Micro Computer (SMCI) Stock?
Portfolio Pulse from Henry Khederian
Super Micro Computer Inc (NASDAQ:SMCI) reported its fourth-quarter financial results, showing $5.31 billion in revenue and $6.25 earnings per share, which missed analyst expectations. Despite a 110% year-over-year revenue increase driven by AI infrastructure demand, shares fell 5.5% over the trailing week. The company announced a 10-for-1 stock split effective Oct. 1 and provided strong guidance for fiscal 2025.
August 09, 2024 | 4:42 pm
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Super Micro Computer reported Q4 results with $5.31 billion in revenue, aligning with estimates, but earnings per share of $6.25 fell short of analyst expectations of $8.10. Despite a 110% year-over-year revenue increase, shares fell 5.5% over the trailing week. The company announced a 10-for-1 stock split effective Oct. 1 and provided strong guidance for fiscal 2025.
The mixed earnings report, with revenue meeting but EPS missing expectations, has led to a short-term decline in SMCI's stock price. However, the announcement of a 10-for-1 stock split and strong future guidance could stabilize or boost the stock in the near term.
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