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00:02Supermicro computer shares surged in extended trading Tuesday after the company reported
00:06strong preliminary fourth quarter results, according to Benzinga. The company received
00:11more than $60 billion in new orders during the quarter, pushing its backlog to record levels.
00:16Supermicro expects to deliver the orders in future quarters. Fourth quarter revenue is
00:20projected near the lower end of its prior guidance range of $11 billion to $12.5 billion.
00:26Gross margins are now expected between 15% and 17%, well above the previous forecast of 8.2% to
00:348.4%. The company attributed the improvement to a favorable customer and product mix.
00:40Supermicro will report fourth quarter earnings on August 11th. Shares were up by 14.76%
00:45at $29.26 in Wednesday's pre-market trading, according to Benzinga Pro.
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