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Tag: disappointing first-quarter results

Super Micro (SMCI) Stock Tumbles as Company Misses Earnings

TLDR Super Micro Computer missed Q1 estimates with earnings of 35 cents per share versus 40 cents expected and revenue of $5. 02 billion versus $6 billion expected Revenue dropped 15% year-over-year from $5. 94 billion, while net income fell more than half to $168. 3 million from $424. 3 million Design changes requested by a high-volume customer pushed [.] The post Super Micro (SMCI) Stock Tumbles as Company Misses Earnings appeared first on CoinCentral.