Super Micro Stock Rises on Strong Guidance Despite Revenue Miss
Super Micro's stock surged 19% in extended trading after the company issued strong guidance for the fiscal fourth quarter, despite missing revenue estimates for the fiscal third quarter. Revenue for the quarter increased 123% year-over-year to $10.24 billion, though it fell short of the $12.33 billion expected by analysts.
Tickers: $SMCI
Topics: AI server market earnings guidance legal issues revenue miss stock price movement