Supermicro Announces Third Quarter Fiscal Year 2024 Financial Results
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SMCI stock tumbles as gross margin guidance overshadows Q3 beat
April 30, 2024 4:18 PM EDT(Updated - May 1, 2024 4:48 AM EDT)
Super Micro Computer (NASDAQ: SMCI) reported mixed results for the fiscal Q3 2024 and said it expects gross margins to decline quarter-over-quarter, sending its shares tumbling more than 9% in premarket trading Wednesday.
For the third quarter, the company posted quarterly earnings per share (EPS) of $6.65, beating the analyst expectations of $5.80. However, revenue came in at... More
