Investing.com - Super Micro Computer reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Super Micro Computer announced earnings per share of $3.42 on revenue of $1.85B. Analysts polled by Investing.com anticipated EPS of $2.18 on revenue of $1.57B.
Super Micro Computer shares are down 58% from the beginning of the year , still down 4.10% from its 52 week high of $74.93 set on Thursday, August 25, 2022.
Super Micro Computer shares gained 5.68% in after-hours trade the report.
Super Micro Computer follows other major Information Technology sector earnings this month
Super Micro Computer's report follows an earnings beat by Apple on Thursday, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on Tuesday, October 25, 2022 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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