Super Micro fell outside of settlement hours and stock splits were also announced
$Super Micro Computer (SMCI.US)$ Sales and profit for the fourth quarter of fiscal year 2024 announced by fell below analysts' expectations, but sales guidance for fiscal year 2025 greatly exceeded Wall Street expectations by several billion dollars, and then stock prices fell 10% or more due to overtime trading.
According to financial results, Super Micro Computer's fourth quarter sales were 5.3 billion 10 million dollars, up 143.6 percent from the same period last year, but fell below market expectations of 5.3 billion 20 million dollars. Net profit was 0.3 billion53 million dollars (0.1 billion94 million dollars in the same period last year), and adjusted profit per share was 6.25 dollars, which was lower than Supermicro's previous forecast and analysts' average forecast of 8.25 dollars.
Operating cash flow for the fourth quarter of 2024 was 0.6 billion 35 million dollars, and capital expenditure was 27 million dollars.
Sales for the fiscal year ending 2025/6/30 are expected to be between 26 billion dollars and 30 billion dollars. Analysts' average forecast is $23.6 billion.
Supermicrocomputer's stock price plummeted by as much as 13% at one point after trading closed on Tuesday. This is because financial results for the fourth quarter fell short of expectations, and it was announced that 1 share would be split into 10 shares from 10/1.
The company's stock price has more than doubled since the beginning of this year due to increased demand for servers, $S&P 500 Index (.SPX.US)$ with $NASDAQ 100 Index (.NDX.US)$ It has been adopted by However, the company's stock is down about 48% from its March high.
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182067967 : Companies that will grow this much are struggling with analysts' difficult predictions, aren't they?
What is wrong with the 134% increase from the previous year and the increase in profits?