Super Micro Computer tumbled 12% in extended trading despite reporting an earnings beat. The company reported fiscal fourth-quarter adjusted earnings of $3.51 per share on revenue of $2.18 billion, surpassing analysts' expectations.
— Super Micro Computer tumbled 12% in extended trading even after reporting an earnings beat. The information technology company Super Micro reported fiscal fourth-quarter adjusted earnings of $3.51 per share on revenue of $2.18 billion. Analysts polled by Refinitiv expected per-share earnings of $2.96 on revenue of $2.08 billion.
It also issued first-quarter guidance, the midpoint of which was slightly above estimates.— Axon Enterprise advanced 10% after the weapons maker behind the Taser and other products beat top and bottom expectations in its latest earnings results. Axon reported second-quarter adjusted earnings of $1.11 per share, exceeding the 62 cents per share consensus estimate from FactSet. It posted revenue of $374.6 million, higher than the $350.5 million forecasted by analysts.
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