Super Micro stock rises on hiked outlook

Super Micro Computer Inc.
SMCI,
-11.60%
shares rose in the extended session Wednesday after the server and data-storage company raised its outlook for the quarter. Super Micro shares rose 3% after hours, following a 7.3% fall to close the regular session at $78.87. The company said it now expects adjusted fiscal second-quarter earnings of $3.07 to $3.22 a share on revenue of $1.77 billion to $1.8 billion, up from a previous forecast of $2.64 to $2.90 a share on revenue of $1.7 billion to $1.8 billion. Analysts surveyed by FactSet expect earnings of $2.73 a share on revenue of $1.73 billion.