10/10/2012 7:53 AM ET Super Micro Computer (SMCI: Quote) announced Tuesday that it now expects to report first quarter revenue of about $270 million, compared to its prior guidance of $270 to $290 million. The consensus estimate is for revenue of $279.54 million.
Super Micro Computer gapped open slightly lower Tuesday and declined throughout the afternoon. Shares finished down by 1.33 at $9.31 on strong volume. The stock has been falling for the past 3 weeks and set a new low for the year.
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Super Micro Computer (SMCI) Sank To A New Low After Guidance Reduction
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