Super Micro Sales Fail to Clear High Investor Expectations [Yahoo! Finance Canada]
NVIDIA Corporation (NVDA)
Last nvidia corporation earnings: 2/13 04:20 pm
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Source: Yahoo! Finance Canada
estimates, disappointing investors who had sky-high expectations that the server maker's business would benefit from AI-related demand. Most Read from Bloomberg Revenue in the fiscal third quarter, which ended March 31, climbed to $3.85 billion, the company said Tuesday in a statement. That's just below the consensus estimate of $3.86 billion, according to data compiled by Bloomberg. Profit, excluding some items, was $6.65 per share, ahead of the $5.58 expected by Wall Street analysts. ADVERTISEMENT A jump in demand for the equipment that powers artificial intelligence training and applications has helped drive sales at Super Micro, which makes data center servers. Growth rates at the San Jose, California-based company have climbed higher in recent quarters on the back of deals with large corporations and an improving supply of high-powered chips. Tuesday's results weren't enough to advance the hype. The shares dropped about 13% in extended trading after closing at $858.80 i
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