Apex Trader Funding - News
What's Going On With Super Micro Stock After Earnings?
Super Micro Computer, Inc. (NASDAQ:SMCI) shares are trading lower Wednesday after the company posted mixed third-quarter financial results Tuesday after the market close.
The Details:
Super Micro Computer reported quarterly earnings of $6.65 per share which beat the analyst consensus estimate of $5.78 by 15.05% and represents a 307.98% increase over earnings of $1.63 per share from the same period last year.
Quarterly sales clocked in at $3.85 billion which missed the analyst consensus estimate of $3.952 billion by 2.58% and is a 200.08% increase year-over-year.
Late Tuesday night, Jim Cramer said "Insane night with SuperMicro getting whacked on a pretty q …," in a social media post on X.
Rosenblatt analyst Hans Mosesmann maintained a Buy rating on Super ...