Super Micro Computer, Inc. (SMCI: Quote) reported its second quarter net income of $5.35 million or $0.14 per share, compared to $7.74 million or $0.20 per share in the same period last year.
Non-GAAP net income for the quarter was $6.73 million or $0.17 per share, down from $8.56 million or $0.22 per share in the previous year period.
On average, analysts polled by First Call/Thomson Financial expected the company to report earnings of $0.14 per share for the quarter.
Net sales for the quarter declined 6.1% to $128.57 million from $136.93 million in the corresponding period last year. Two Wall Street analysts estimated revenues of $136.0 million for the quarter.
Super Micro anticipates third quarter non-GAAP earnings in the range of about $0.11 to $0.14 per share. The company expects net sales to decrease 9% to 16% for the quarter. Analysts expect the company to earn $0.12 per share on revenue of $132.50 million for the third quarter.
Click here to receive FREE breaking news email alerts for Super Micro Computer Inc. and others in your portfolio
by RTT Staff Writer
For comments and feedback: email@example.com