Super Micro Computer said on Tuesday it expects to post fourth-quarter gross margins above its previous forecast, driving its shares up 16% in after-hours trading. The company secured more than $60 billion in orders in the fourth quarter ended June 30.
Quarterly Results
Super Micro anticipates gross margins in the range of 15% to 17% for the quarter, well above its earlier forecast of 8.2% to 8.4%, primarily due to a favorable customer and product mix. The company is set to post quarterly results on August 11.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.