(Bloomberg) — Super Micro Computer Inc. gave a sales forecast that fell short of analysts’ estimates while saying it couldn’t predict when it would file official financial statements for its previous fiscal year. The shares dropped about 14% in extended trading. Most Read from Bloomberg The embattled server maker missed …
Read More »Super Micro cuts guidance; says recent probe shows no evidence of fraud
Investing.com — Super Micro Computer cut its guidance for the fiscal first and second quarter and the server equipment maker said an internal probe found no evidence of fraud from management or directors following concerns raised by its auditor. Super Micro Computer Inc (NASDAQ:SMCI) shares fell more than 17% in …
Read More »DJT stock sees wild swings ahead of election results, briefly halted for volatility
Trump Media & Technology Group stock (DJT) was briefly halted for volatility in late afternoon trading on Tuesday as investors brace for more wild swings with Election Day underway in the US. Shares quickly erased 15% gains and reversed Monday’s double-digit percentage rise to kick off the week. The stock …
Read More »Super Micro says cannot predict timing of annual filing; shares down
(Reuters) -Super Micro Computer, whose auditor unexpectedly stepped down last week, on Tuesday flagged uncertainty about the timing of its annual report but said a probe about accounting practices had not found evidence of fraud by the company. Shares of the San Jose, California-based server maker fell about 10% in …
Read More »Dow, S&P 500, Nasdaq rise as Wall Street braces for election results
US stocks closed Tuesday’s trading session in a sea of green as Americans flocked to the polls on Election Day to decide whether Kamala Harris or Donald Trump will become the next president. The tech-heavy Nasdaq Composite (^IXIC) led the gains, rising about 1.4%, while the benchmark S&P 500 (^GSPC) …
Read More »Boeing ‘adds another check’ to turnaround list as worker strike ends
Boeing’s (BA) turnaround efforts had stalled amid a seven-week strike by its biggest union that cost the company billions and set back production of its jets. That particular risk to its stock has now been removed. The strike by the International Association of Machinists and Aerospace Workers (IAM) ended Monday …
Read More »What Analysts Think of Super Micro Computer’s Stock Ahead of Earnings
Super Micro Computer reports earnings after the bell Tuesday, with its stock nearly 80% below its highest point in March. The few analysts covering the stock mostly have a cautious view of its outlook, but expect it will regain some of the value it has lost in recent months. Concerns …
Read More »DJT stock surges by double digits as Election Day kicks off
Trump Media & Technology Group stock (DJT) climbed around 15% in afternoon trading on Tuesday, extending its double-digit percentage rise to kick off the week as investors brace for more volatility with Election Day underway in the US. The stock suffered its largest percentage decline last week and closed down …
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Read More »The Dow spikes 350 points on Election Day as Trump and Harris are neck-and-neck
Democratic presidential nominee, Vice President Kamala Harris and Republican presidential nominee, Former President Donald Trump. – Photo: Bill Pugliano (Getty Images) Stocks rose Tuesday morning as investors braced for the outcome of the presidential election. The Dow Jones Industrial Average was up 359 points, or 0.8%, in mid-morning trading. The …
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