SAN JOSE, Calif. (AP) — Shares of server technology company Super Micro Computer Inc. fell Tuesday after the company said it is likely to fall short of its second-quarter earnings guidance due mainly to flooding in Thailand.
The company said it expects revenue of $249 million to $250 million in the three quarters to Dec. 31, below the previous guidance of $260 million to $280 million. Analysts polled by FactSet expected revenue of $272 million.
It also said it expected adjusted earnings per share of 24 cents to 25 cents, compared to guidance of 27 cents to 32 cents. Analysts were looking for 29 cents per share of earnings.
CEO Charles Liang said Super Micro Computer was unable to meet customer demand due to the lack of hard disk drives because the flooding interrupted the company’s supply chain.
The company will report its final second quarter results on Jan. 24.
Shares fell 98 cents, or 5.9 percent, to $15.64 in after-hours trading Tuesday after closing up 29 cents, or 1.8 percent, at $16.62 in the regular session.