Super Micro Shares Drop Following Disappointing Profit Forecast

Super Micro Computer Inc. shares slid after the server maker missed reduced estimates for first-quarter sales and profit and gave a disappointing earnings forecast for the current period, reinforcing concerns about its ability to capitalize on demand for AI equipment.

Excluding some items, earnings in the period ending in December will be 46 cents to 54 cents a share, the company said Tuesday in a statement. Sales will be $10 billion to $11 billion. Analysts on average had projected profit of 62 cents on sales of $8.05 billion.