High-flying Super Micro slides as margin squeeze clouds upbeat sales forecast
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SMCI earnings: Here's how analysts reacted
August 7, 2024 7:59 AM EDTSuper Micro Computer (NASDAQ: SMCI) reported its latest quarterly earnings after the close on Tuesday, with its shares falling more than 14% in premarket trading in reaction to the report.
While the company showed robust revenue guidance, it struggled with gross margins, leading to mixed outlooks on its performance and future prospects.
Here's how Wall Street analysts reacted:
Rosenblatt highlighted that SMCI delivered "inline sales for the June quarter but missed earnings due to GM pressure from a more considerable liquid cooling uptick, hyperscale mix, and... More
