(RTTNews) - Super Micro Computer, Inc. (SMCI) shares are surging more than 24 percent on Wednesday morning after the company reported more than 4 times growth in third-quarter earnings compared to the prior year on sales improvement.
Quarterly earnings were $76.97 million from $18.42 million last year. On a per-share basis, earnings were $1.43, up from $0.35 in the previous year. Net sales climbed to $1.355 billion from $895.88 billion a year ago.
Shares are currently at $53.97, up 24.83 percent from the previous close of $43.23 on a volume of 809,782.
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