Super Micro Computer Pops 13% After-Hours On Stellar Earnings Beat

Shares in Super Micro Computer (SMCI) rocketed 12.6% high in Tuesday’s after-market trading after the IT company reported stellar earning results for the fiscal first quarter.Specifically, Q1 EPS of $0.59 easily beat the consensus of $0.16, while revenue of $762.25M fell 4.7% year-over-year, but was notably higher than the $748M consensus.Gross margin came in at 17% vs 13.8% in the fourth quarter of fiscal year 2020 and 16.4% in the same quarter of last year. Meanwhile the company reported...