logo
Share SHARE
FONT-SIZE Plus   Neg

Super Micro Computer Q3 Profit Slips - Quick Facts

Server solutions provider Super Micro Computer Inc. (SMCI), Tuesday reported a decline in profit, due mainly to higher operating expenses.

The San Jose, California-based company reported a third-quarter net profit of $7.08 million or $0.16 per share, compared to $10.70 million or $0.25 per share last year.

Excluding stock-based compensation expense, adjusted net income for the quarter declined to $8.81 million or $0.19 per share from $12.26 million from $0.28 per share in the prior-year quarter. On average, five analysts polled by Thomson Reuters expected the company to earn $0.23 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter grew 2.5 percent to $240.18 million from $234.29 million in the prior-year quarter. Five analysts had a consensus revenue estimate of $251.74 million for the quarter.

Operating expenses for the quarter increased to $31.14 million from $22.70 million in the prior-year quarter.

Looking ahead, the company expects fourth quarter adjusted earnings in the range of $0.27 to $0.32 per share. Revenues for the fourth quarter are anticipated in the range of $280 million to $310 million. Analysts currently expect the company to earn $0.29 per share for the quarter, with revenues of $274.88 million.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
HSBC, the largest bank in the UK, has announced that it will not will relocate its headquarters out of London despite the shocking decision by the UK to leave the European Union. HSBC Chairman Douglas Flint, chairman, speaking at a conference in London, said that HSBC would stick to its plan to keep... Samsung Electronics has launched network unlocked versions of the Galaxy S7 and S7 Edge in the U.S., giving customers the freedom to choose their plans, switch carriers and avoid pre-installed carrier apps. Starting today, the unlocked phones will work on most U.S. GSM and CDMA networks. Online retail giant Amazon.com Inc.'s second annual Prime Day shopping event will take place on Tuesday, July 12, and will become the biggest Amazon sales event ever. It will feature more than 100,000 deals worldwide exclusively for Prime members this year.
comments powered by Disqus
Follow RTT