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What:Super Micro Computer (NAS: SMCI) popped 14% in intraday trading after reporting an in-line quarter and issuing guidance in line with expectations.
So what: Non-GAAP EPS of $0.29 grew 38% year over year and met the consensus estimate. GAAP EPS of $0.24 grew 33%. Revenue of $260 million grew 29% year over year.
Now what: Guidance didn't offer any positive surprises, either. Current quarter guidance calls for revenue of $240 million to $260 million and non-GAAP EPS of "approximately" $0.23 to $0.27. That straddles the consensus estimate of $0.25. On a positive note, the CEO stated the company "continued to build market share" and has ''confidence" that in the coming year it will maintain "strong momentum and growth." With many tech companies cautious about the economy and outlook, Super Micro Computer's growth trajectory and modest non-GAAP P/E ratio of 11.5 times look super today.
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At the time thisarticle was published Fool contributor Cindy Johnson does not own shares of any company named above. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
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