Investing.com — Super Micro Computer cut its guidance for the fiscal first and second quarter and the server equipment maker said an internal probe found no evidence of fraud from management or directors following concerns raised by its auditor. Super Micro Computer Inc (NASDAQ:SMCI) shares fell more than 17% in aftermarket hours, adding to its recent woes. For fiscal Q1, the server equipment maker expects to report adjusted EPS of $0.75 to $0.76, compared with previous guidance range of $0.67 to $0.83. Revenue was expected in a range of $5.9B to $6.0B compared to its previous guidance range of $6.0B…
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In the United States, there’s an immense salvage yard that’s so large it could easily rank as one of the biggest – if not the biggest – junkyards in the country. A YouTuber recently stumbled upon this 22-acre site, which is filled with around 100 classic cars. The YouTuber came across it thanks to an advertisement on Facebook Marketplace. It turns out that the owner of the salvage yard is looking to sell approximately 100 cars from his collection. This impressive salvage yard was discovered by a YouTuber known as Real Steel Fabrications. Most of the vehicles are tucked away…
Microchip Technology Inc (NASDAQ:) reported second-quarter earnings that beat analyst expectations, but shares fell 3.4% in after-hours trading due to weak guidance for the upcoming quarter. The semiconductor company posted adjusted earnings per share of $0.46, surpassing the analyst estimate of $0.43. Revenue for the quarter came in at $1.16 billion, slightly above the consensus estimate of $1.15 billion but down 48.4% YoY. Microchip’s outlook for the third quarter fell short of expectations. The company forecasts EPS of $0.25-$0.35, well below the consensus of $0.46. Revenue guidance of $1.025-1.095 billion also missed the analyst estimate of $1.18 billion. President and…
Manuel Augusto Moreno | Moment | Getty ImagesCryptocurrencies were slightly higher Tuesday evening as investors waited for direction on the potential outcome of the U.S. presidential election.The price of bitcoin was last higher by 2% at $69,105.03, according to Coin Metrics. Earlier, it rose as high as $70,522.84. It is currently 5% off its all-time high, after trading near it last week.Stocks tied to the price of the cryptocurrency got a boost in earlier trading during regular stock market hours. Exchange operator Coinbase and MicroStrategy, which often trades as a high beta play on the price of bitcoin, advanced 4% and 2%, respectively.Investors are…
Thousands of onlookers gathered along Pall Mall to witness a showcase of some of the world’s oldest and most cutting-edge vehicles. The iconic London street was closed to traffic for the St James’s Motoring Spectacle, an event organized by the Royal Automobile Club. Displayed across five themed zones were cars spanning over a century of automotive history, from models dating back to 1896 to the Aston Martin DB5, famously recognized from the 60-year-old James Bond film Goldfinger. One of the zones focused exclusively on modern design, giving the public a chance to view high-performance supercars and look through how manufacturers…
Image source: Getty Images I love buying cheap FTSE 100 dividend shares with high yields, and these two have caught my eye. Both offer a mighty income stream at a decent price. What’s going on? The first is mining giant Rio Tinto (LSE: RIO). Its shares have a price-to-earnings ratio of exactly nine, comfortably below the FTSE 100 average of 15.4 times. The trailing yield is a bumper 6.7%, more than double the blue-chip average of 3.5%. The fact that it’s covered 1.7 times by earnings suggests it’s sustainable too. This combination of a high P/E and high yield often…
Brazil’s senate postponed a vote on a bill to regulate the carbon credit market from November 5 to November 12. The senate decided to postpone the vote “given the complexity of the topic and the fact that the national congress is working in a semi-presidential system,” the upper house said in a statement. After the municipal elections concluded at the end of October many lawmakers who were involved in political campaigns have been working remotely. Despite the postponement, the senate recognized the urgency of the bill. “I consider the bill fundamental for Brazil’s efforts to lead the way towards…
In the aftermath of the Brazilian Grand Prix at Interlagos, Lando Norris praised Max Verstappen for his performance while also pointing out that the Red Bull driver “got a bit lucky” with the race’s circumstances. Norris’s assessment came after a chaotic race where strategic decisions played a significant role. He acknowledged that Verstappen’s ability to maintain his position after not pitting before the red flag proved advantageous, allowing him to regain the lead once the race resumed. Norris specifically referenced the controversial rule allowing drivers a free choice of tires after a red flag, noting that this rule has historically…
(Reuters) -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. Shares of the San Jose, California-based server maker fell about 10% in extended trading. The company said it expects net sales between $5.5 billion to $6.1 billion for the second quarter, compared with analysts’ estimates of $6.86 billion, according to data compiled by LSEG. It said the company expects profits between 48 cents and 58 cents per share, far below estimates of…
Carlos Sainz has been summoned by the FIA stewards for alleged dangerous driving during the Brazilian Grand Prix, where he ultimately retired from the race. The summons refers to a potential breach of Article 33.4 of the FIA’s Sporting Regulations, which prohibits drivers from operating their cars in a manner that could be deemed excessively slow, erratic, or dangerous to others. However, the FIA did not specify the exact incident that triggered this inquiry. Sainz started the race from the pit lane and was making his way through the field when he crashed on lap 40, leading to the deployment…