Monday, August 4, 2025

Creating liberating content

Tesla CEO Elon Musk was awarded an interim pay package

Harvey co-founders Winston Weinberg and Gabe Pereyra Courtesy of Harvey

Baidu will bring its driverless taxis to Europe next year

Related News

Tesla CEO Elon Musk was awarded an interim pay package of 96 million shares of the company over the weekend. The shares would be worth about $29 billion. Tesla stock

India has emerged as the world’s fifth largest aviation market, handling 241 million passengers in 2024, while the Mumbai–Delhi route ranked 7th among the world’s busiest airport pairs, according to

Harvey co-founders Winston Weinberg and Gabe Pereyra Courtesy of Harvey Artificial intelligence startup Harvey on Monday announced it has reached $100 million in annual recurring revenue, or ARR, just three

Baidu will bring its driverless taxis to Europe next year via a partnership with U.S. ridehailing firm Lyft, as the Chinese tech giant looks to expand its autonomous vehicles globally.

Prime Minister Narendra Modi will inaugurate a new residential complex in August on Baba Kharak Singh Marg, featuring 184 large and spacious flats for Members of Parliament, partially addressing the

The Income Tax Department has awarded the PAN 2.0 modernisation contract to IT services major LTIMindtree, with the new system is expected to go live within 18 months, PTI reported

Trending News

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Russia-backed Nayara Energy looks at India’s state-run oil companies to offload petrol, diesel exports Nayara Energy has approached Indian state-run oil marketing companies (OMCs) to offload its export volumes of

US President Donald Trump on Saturday claimed that he had “heard” reports of India halting Russian oil imports, hailing it as a “good step”. “I understand that India is no

Super Micro shares dive after server maker issues weak preliminary financials

Word Count: 226 | Estimated Reading Time: 2 minutes


Super Micro Computer CEO Charles Liang at the Computex conference in Taipei, Taiwan, on June 5, 2024.

Annabelle Chih | Bloomberg | Getty Images

Super Micro shares fell as much as 19% on Tuesday after the server maker announced preliminary results for the fiscal third quarter that were lower than analysts had projected.

Here’s how the company’s preliminary numbers compare with the LSEG consensus:

  • Earnings per share: 29 to 31 cents per share adjusted vs. 54 cents expected
  • Revenue: $4.5 billion to $4.6 billion vs. $5.50 billion expected

Super Micro lowered the ranges from earlier guidance for the quarter, which ended on March 31, according to a statement.

“During Q3 some delayed customer platform decisions moved sales into Q4,” the company said in the statement.

The pre-announcement is the latest blow for Super Micro, which has been mired in controversy for the past year due to delayed financial filings and troubling reports from short sellers. In February, the company filed its financials for its fiscal 2024 year and the first two quarters of fiscal 2025 just in time to meet Nasdaq’s deadline to stay listed. Last year, after Super Micro delayed its annual report, it lost its auditor, Ernst & Young, citing governance issues.

Super Micro will go over the results with analysts on a conference call at 5 p.m. ET on Tuesday, May 6.

— CNBC’s Ari Levy contributed to this report.

This is breaking news. Please refresh for updates.



Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account