Super Micro Computer (SMCI) Cuts Q4 Outlook
Tweet
Share
E-mailGet Alerts SMCI Hot Sheet
Price: $24.45 -0.93%
Revenue Growth %: +102.2%
Financial Fact:
Income from operations: 20.2M
Today's EPS Names:
UBAB, LOAN, FITB, More
Revenue Growth %: +102.2%
Financial Fact:
Income from operations: 20.2M
Today's EPS Names:
UBAB, LOAN, FITB, More
Join SI Premium – FREE
Super Micro Computer, Inc. (NASDAQ: SMCI), provided preliminary information regarding its financial results for the fourth fiscal quarter ended June 30, 2012.
The Company also announced that it will release final fourth quarter fiscal 2012 financial results on Tuesday, August 7, 2012, immediately after the close of regular trading, followed by a teleconference beginning at 2:00 p.m. (Pacific Time).
The Company now anticipates that it will report revenue for its fourth quarter of fiscal 2012 of approximately $275 million. This compares to the Company's previous guidance range of $280 to $310 million.
Non-GAAP gross margin is expected to be in the mid 15% range. Gross margin was lower principally due to the big price drop for hard disk drive of which we had excess stock.
The Company anticipates that it will report non-GAAP operating expenses for the fourth fiscal quarter between $1.7 million and $1.9 million higher than for the third fiscal quarter. The increase was primarily due to additional sales and marketing expenses to promote new product launches as well as R&D expenses for new product development.
The Company also anticipates that its non-GAAP earnings per share will be in a range of $0.18 to $0.19. This compares to the Company's previous guidance of a range of $0.27 to $0.32.
The Street sees EPS of $0.43.
The Company also announced that it will release final fourth quarter fiscal 2012 financial results on Tuesday, August 7, 2012, immediately after the close of regular trading, followed by a teleconference beginning at 2:00 p.m. (Pacific Time).
The Company now anticipates that it will report revenue for its fourth quarter of fiscal 2012 of approximately $275 million. This compares to the Company's previous guidance range of $280 to $310 million.
Non-GAAP gross margin is expected to be in the mid 15% range. Gross margin was lower principally due to the big price drop for hard disk drive of which we had excess stock.
The Company anticipates that it will report non-GAAP operating expenses for the fourth fiscal quarter between $1.7 million and $1.9 million higher than for the third fiscal quarter. The increase was primarily due to additional sales and marketing expenses to promote new product launches as well as R&D expenses for new product development.
The Company also anticipates that its non-GAAP earnings per share will be in a range of $0.18 to $0.19. This compares to the Company's previous guidance of a range of $0.27 to $0.32.
The Street sees EPS of $0.43.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- The tech crown switches hands: Apple dethrones Nvidia as $4 trillion king
- DB cautious on cruise stocks as fundamentals “not as clear as bulls believe”
- Green Plains Renewable Energy (GPRE) PT Raised to $20 at UBS Ahead of Q2 Results
Create E-mail Alert Related Categories
Guidance, Hot GuidanceRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
