For the quarter ended March 31, the company expects sales between $136.5 million and $137 million, below its January forecast for revenue between $137 million and $142 million.
Super Micro expects a profit between $4.5 million and $5 million, or 12 cents to 13 cents per share for the quarter, compared with a profit of 13 cents per share in the same period a year earlier.
The company forecast adjusted earnings of 14 cents to 16 cents per share.
The company, like others, saw "increasing signs of oncoming economic weakness" during the quarter, said Charles Liang, president and chief executive, in a statement.
Super Micro plans to post its results on April 30.
Shares fell $1.02, or 10.8 percent, to $8.41 in after-hours electronic trading. The stock closed down 7 cents at $9.43 in the regular trading session.
No comments:
Post a Comment