Super Micro up on 1Q Sales, but Can it Maintain That Pace?
Dow Jones00:20
1219 ET - Wedbush analysts are unclear if Super Micro Computer's sales and margin momentum are sustainable, but they see recent preliminary 1Q results as a clear positive for the IT solutions provider. The company issued preliminary quarterly results that exceeded its prior revenue guidance by $4 billion. Analysts will hold off on forward forecasts until after the company's report on Nov. 3. Shares are up 9.6%, which is on pace for the largest percentage increase since August.
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