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Supermicro's Trading Volume Hits 38th Spot as Revenue Guidance Plummets
Generated by AI AgentAinvest Market Brief
Tuesday, Apr 29, 2025 7:39 pm ET1min read
On April 29, 2025, Supermicro's trading volume reached 12.85 billion, ranking 38th in the day's stock market. Supermicro's stock price fell by 3.41%.
Supermicro has provided an update on its third quarter fiscal 2025 business and preliminary financial results. The company expects net sales to range from $4.5 billion to $4.6 billion, which is lower than its previous guidance of $5.0 billion to $6.0 billion.
Supermicro has reduced its revenue guidance for the third quarter of fiscal year 2025 from $6.0 billion to $4.6 billion due to customer delays and inventory challenges. This adjustment has led to a significant impact on the company's earnings.
Supermicro will host a live audio webcast of a conference call to review its third quarter of fiscal year 2025 on Tuesday, May 6, 2025, at 5:00 p.m. ET. During this call, the company will discuss the preliminary results and provide further insights into the factors affecting its performance.
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