Super Micro Computer Inc. SMCI shares jumped more than 8% in after-hours trading Tuesday, following an earnings report that showed stronger-than-expected earnings and guidance. Super Micro reported fiscal third-quarter net income of $86 million, or $1.53 a share, on revenue of $1.28 billion, down from $1.36 billion a year ago. After adjusting for stock compensation and other effects, the company reported earnings of $1.63 a share, up from $1.55 a share in the same quarter a year ago. Analysts on average expected adjusted earnings of $1.29 a share on revenue of $1.28 billion, according to FactSet. Super Micro Chief Executive…
This article was originally published by Marketwatch.com. Read the original article here.
