Supermicro Stock Retreats On September-Quarter Miss

Super Micro Computer (SMCI) late Tuesday missed Wall Street's targets for its fiscal first quarter and gave mixed guidance for the current period. SMCI stock plunged in extended trading. The data center specialist, better known as Supermicro, earned an adjusted 35 cents a share on sales of $5.02 billion in the quarter ended Sept. 30. Analysts polled by FactSet had expected Supermicro to earn 37 cents a share on sales of $5.83 billion. On a year-over-year basis, Supermicro's earnings dropped 52% while sales ...