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Super Micro Jumps After Preliminary Outlook Shows Rising Backlog

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Super Micro Jumps After Preliminary Outlook Shows Rising Backlog Super Micro Computer Inc. shares rose more than 15% in extended trading after the server maker issued preliminary quarterly results saying its order backlog rose to a record in excess of $60 billion. Fiscal fourth-quarter revenue will fall on the low end of the previous guidance of $11 billion to $12.5 billion, Super Micro said Tuesday in a statement.

Super Micro Jumps After Preliminary Outlook Shows Rising Backlog Super Micro Computer Inc. shares rose more than 15% in extended trading after the server maker issued preliminary quarterly results saying its order backlog rose to a record in excess of $60 billion. Fiscal fourth-quarter revenue will fall on the low end of the previous guidance of $11 billion to $12.5 billion, Super Micro said Tuesday in a statement.
Super Micro Jumps (ORG) Super Micro Computer Inc. (ORG) Super Micro (ORG)
Originally published by Bloomberg Technology Read original →