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Shares of Chip Stocks Are Trading Lower After Super Micro Computer Cut Its Preliminary Guidance.
Express News | Shares of Chip Stocks Are Trading Lower After Super Micro Computer Cut Its Preliminary Guidance
Super Micro Computer's performance forecast falls far short of expectations, plunging 20% in after-hours trading, dragging down NVIDIA and Dell.
Super Micro Computer's adjusted EPS preliminary data for the third quarter is between $0.29 and $0.31, significantly lower than the Analyst's expectation of $0.53. Revenue is estimated to be between $4.5 billion and $4.6 billion, with an expectation of $5.35 billion. Super Micro Computer stated that during the third quarter, due to delays in platform decisions by some customers, part of the sales have been pushed to the fourth quarter. Due to Super Micro Computer's performance drag, Dell's after-hours Trade dropped nearly 5%, HP Inc declined about 2%, and NVIDIA temporarily fell by 2.9%.
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