(RTTNews.com) - Server solutions provider Super Micro Computer Inc. (SMCI), Tuesday reported a decline in profit, due mainly to higher operating expenses. <\/p>\n
The San Jose, California-based company reported a third-quarter net profit of $7.08 million or $0.16 per share, compared to $10.70 million or $0.25 per share last year. <\/p>\n
Excluding stock-based compensation expense, adjusted net income for the quarter declined to $8.81 million or $0.19 per share from $12.26 million from $0.28 per share in the prior-year quarter. On average, five analysts polled by Thomson Reuters expected the company to earn $0.23 per share for the quarter. Analysts' estimates typically exclude special items. <\/p>\n
Total revenues for the quarter grew 2.5 percent to $240.18 million from $234.29 million in the prior-year quarter. Five analysts had a consensus revenue estimate of $251.74 million for the quarter. <\/p>\n
Operating expenses for the quarter increased to $31.14 million from $22.70 million in the prior-year quarter. <\/p>\n
Looking ahead, the company expects fourth quarter adjusted earnings in the range of $0.27 to $0.32 per share. Revenues for the fourth quarter are anticipated in the range of $280 million to $310 million. Analysts currently expect the company to earn $0.29 per share for the quarter, with revenues of $274.88 million. <\/p>\n
For comments and feedback: contact editorial@rttnews.com<\/a> <\/p>\n http:\/\/www.rttnews.com<\/a> <\/p>\n<\/p>\n Go here to see the original:<\/p>\n Super Micro Computer Q3 Profit Slips - Quick Facts<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" (RTTNews.com) - Server solutions provider Super Micro Computer Inc. (SMCI), Tuesday reported a decline in profit, due mainly to higher operating expenses. The San Jose, California-based company reported a third-quarter net profit of $7.08 million or $0.16 per share, compared to $10.70 million or $0.25 per share last year Continue reading