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00:02Super Micro Computer shares rose 18% in extended trading after the company issued strong guidance,
00:09even as its fiscal third quarter revenue fell short of estimates, according to CNBC.
00:14Management guided for $0.65 to $0.79 in adjusted earnings per share on $11 billion to $12.5
00:21billion in revenue, above expectations of $0.55 per share and $11.07 billion in revenue.
00:30CEO Charles Leong said,
00:32Customer readiness delayed revenue recognition because some clients lacked the power and networking needed for cloud deployments.
00:38The company expects to capture that revenue in the coming quarters.
00:42As of Tuesday's close, Super Micro shares were down about 5% for the year,
00:47while the S&P 500 had gained 6% over the same period.
00:51For all things money, visit Benzinga.com.
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