Shares of Super Micro Computer (NASDAQ: SMCI) were up 13% today as of 12:35 p.m. EDT. The data center and server hardware supplier that bills itself as an energy efficient technologist reported earnings for its first quarter of fiscal 2022 (the three months ended Sept. 30). Revenue and earnings per share (EPS) both easily surpassed what the average Wall Street analyst was expecting.
Specifically, sales were up 35% year over year to $1.03 billion, and adjusted earnings per share were up 5% to $0.58.
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Why Shares of Super Micro Computer Raced 13% Higher This Morning