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Super Micro says cannot predict timing of annual filing
Super Micro says cannot predict timing of annual filing; shares down
Super Micro Computer , whose auditor unexpectedly stepped down last week, on Tuesday flagged uncertainty about the timing of its annual report but said a probe about accounting practices had not found evidence of fraud by the company.
Super Micro Gives Tepid Sales Forecast, No Filing Schedule
Super Micro Computer Inc. gave a sales forecast that fell short of analysts’ estimates while saying it couldn’t predict when it would file official financial statements for its previous fiscal year. The shares dropped about 16% in extended trading.
Super Micro Computer to Strengthen Governance, Oversight Amid Filings Dispute
Super Micro Computer said it would strengthen its internal governance and oversight functions after Ernst & Young resigned as its auditor, citing mistrust of management.The San Jose, Calif., server maker also continues to work on matters related to its filings with the Securities and Exchange Commission,
Super Micro says board found ‘no evidence of fraud,' still has no timetable for annual results
Super Micro said its board of directors found there was no evidence of fraud or misconduct from management after its auditor resigned last week. Super Micro, the embattled server maker that's late in releasing annual financials and at risk of being delisted by the Nasdaq, reported unaudited first-quarter results on Tuesday.
Super Micro still can’t say when it will file annual report, and its stock drops
Super Micro says its special committee has so far found that its audit committee “acted independently and that there is no evidence of fraud or misconduct on the part of management” or the board.
Super Micro just reported preliminary Q1 results. Here's why the stock is tanking.
Super Micro Computer (SMCI) shares were active in late trading on Tuesday after the embattled artificial intelligence server maker reported fiscal first-quarter results. Read for more.
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Where Will Super Micro Computer Stock Be in 1 Year?
With shares down by 70% over the last six months, Super Micro Computer (NASDAQ: SMCI) is in a tailspin. While revenue and ...
9h
on MSN
What Analysts Think of Super Micro Computer's Stock Ahead of Earnings
Annabelle Chih / Bloomberg / Getty Images
Super
Micro
Computer reports earnings after the bell Tuesday, with its stock ...
Yahoo Finance
9h
Why Super Micro Computer's Stock Is Plunging After Its Business Update Tuesday
Super
Micro
Computer shares plunged in extended trading Tuesday after the company said it's unable to predict when it ...
5d
on MSN
Super Micro's $50 billion stock collapse underscores risk of AI hype
In March,
Super
Micro
Computer was added to the S&P 500 after an epic run that lifted the stock by more than 2,000% in ...
1d
on MSN
Here’s what Super Micro’s struggles may mean for Nvidia and Dell
Dell might not see immediate financial benefits, but an analyst thinks customers are paying attention to Super Micro’s ...
6d
on MSN
Super Micro Computer's shares plunge 33% after server maker's accounting firm quits
Shares of Super Micro Computer have plunged more than 33% after the server maker disclosed that Ernst & Young had resigned as ...
4h
on MSN
Super Micro Slips on Sales Outlook That Falls Short of Estimates
Super Micro Computer Inc. gave a sales forecast that fell short of analysts’ estimates while saying it couldn’t predict when ...
10h
on MSN
Super Micro Computer could be delisted from the Nasdaq this month amid a steep plunge following auditor's resignation
This isn't the first time Super Micro Computer investors faced delisting risks. In 2018, trading in the stock was suspended ...
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