Surprising guidance change sends Supermicro falling
Uncertainty hovers as the Fed holds rates.
Super Micro Computer (SMCI) shares fell 1.4% on May 7 after the company reported disappointing earnings and slashed its full-year outlook, stoking fresh concerns about demand and economic headwinds.
For its fiscal third quarter, the server maker posted adjusted earnings of 31 cents per share, well below Wall Street’s estimate of 50 cents. Revenue came in at $4.60 billion, missing the expected $5.42 billion.
