US Stock Market News | Q4 Revenue and Profit Below Expectations, Super Micro Computer Drops Over 15%
On Wednesday, Super Micro Computer's stock price fell, with the stock dropping over 15% to $523.83 as of the time of writing. The company's revenue and profit for the fourth quarter of the 2024 fiscal year fell short of analysts' expectations. Super Micro Computer's Q4 sales were $5.31 billion, a year-on-year increase of 143.6%, but below the market's expected $5.32 billion; net profit was $353 million, compared to $194 million in the same period last year; adjusted earnings per share were $6.25, which is lower than Super Micro's previous forecast and the average analyst expectation of $8.25
According to Zhitong Finance APP, on Wednesday, Super Micro Computer (SMCI.US) saw its stock price decline, with the stock falling over 15% to $523.83 as of the time of publication. The revenue and profit for the fourth quarter of the 2024 fiscal year fell short of analysts' expectations. Super Micro Computer's Q4 revenue was $5.31 billion, a year-on-year increase of 143.6%, but below the market's expected $5.32 billion; net profit was $353 million, compared to $194 million in the same period last year; adjusted earnings per share were $6.25, which is lower than Super Micro's previous forecast and the analysts' average expectation of $8.25