Super Micro, the embattled server maker, reported preliminary first-quarter results on Tuesday.
Super Micro said its board of directors found there was no evidence of fraud or misconduct from management after its auditor resigned last week., the embattled server maker that's late in releasing annual financials and at risk of being delisted by the Nasdaq, reported unaudited first-quarter results on Tuesday.
Adjusted net income for the quarter was 75 cents to 76 cents a share, in line with analyst expectations compiled by LSEG.Super Micro's forecast for the December quarter was also below estimates. The company said revenue will be between $5.5 billion and $6.1 billion, trailing the $6.86 billion average analyst estimate, according to LSEG. Adjusted earnings per share will be 56 cents to 65 cents. Analysts were looking for EPS of 83 cents.
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