The major American processor manufacturer Super Micro (AMD) announced its first-quarter financial report after the market on the 16th, but the figures were much worse than expected, causing the stock price to fall by more than 10% after the market.
Super Micro paid US$1.03 billion in the quarter, a quarterly decrease of 16.9% and an annual decrease of 26.4%; after deducting some expenses, a net loss of US$0.09 per share. According to Barrons.com, analysts had estimated revenue of $1.05 billion and net loss per share of $0.07.
(Source: Ultramicro)
Ultramicro CEO Lisa Su said that the current PC market environment is full of challenges, and we will focus on improving short-term financial performance, with the method of adjusting inventory and launching new products. Ultramicro expects that the PC's downturn will continue for some time.
In addition, Chaowei also decided to withdraw from the customized server market and take effect immediately. Super Micro entered the server market through the acquisition and acquisition of new startup SeaMico, which is only three years ago.
Super Micro closed up 6.3% on the normal trading day, but after the financial report was released, it fell sharply by 11.15% and temporarily reported at US$2.55. If the stock price continues to fall, it is likely that Super Micro will become the target of acquisition.
(This article is reproduced by authorized by MoneyDJ News; first image source: Flickr/redjarCC BY 2.0)
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