By RTT News, October 22, 2014, 12:40:00 AM EDT <\/p>\n
(RTTNews.com) - Super Micro Computer, Inc. ( SMCI ) Tuesday reported first-quarter results that topped estimates, sending the stock by over 5 percent in after-hours trading. The company's second-quarter outlook also cheered investors. <\/p>\n
Net income increased to $20.9 million or $0.42 per share from $7.7 million or $0.17 per share in the same period a year ago. <\/p>\n
The latest results included $3.0 million of stock-based compensation expense, pre-tax. Excluding items, non-GAAP net income for the first quarter was $0.46 per share, while it totaled $vereyum undakum0.22 per share last year. <\/p>\n
On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $0.38 for the quarter. Analysts' estimates typically exclude special items. <\/p>\n
Net sales climbed to $443.3 million from $309.02 million in the prior year. Analysts expected revenue of $418.02 million for the quarter. <\/p>\n
The company noted that no customer accounted for more than 10 percent of net sales during the quarter ended September 30, 2014. <\/p>\n
The company expects net sales of $440 million to $480 million for the second quarter of fiscal year 2015, and adjusted earnings per share of $0.44 to $0.50. Analysts expect the company to report second-quarter earnings per share of $0.44 on revenue of $449.38 million. <\/p>\n
Charles Liang, Chairman and CEO, said, \"We began fiscal 2015 with an exceptional first quarter of record revenue and profits...As we ship our latest X10 generation Haswell DP products, a brand new I\/O optimized Ultra server architecture and industry-leading hot-swappable NVMe solutions, we are confident our technology innovation will continue to drive our growth momentum into the remainder fiscal 2015.\" <\/p>\n
SMCI closed up 4.1 percent at $26.48, and gained 5.4 percent in the extended trade. <\/p>\n
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Super Micro Computer Q1 Results Top View; Stock Climbs<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" By RTT News, October 22, 2014, 12:40:00 AM EDT (RTTNews.com) - Super Micro Computer, Inc. ( SMCI ) Tuesday reported first-quarter results that topped estimates, sending the stock by over 5 percent in after-hours trading Continue reading