Commentary
Last week marked the peak week for fourth-quarter earnings announcements, and the news on some of our stocks was stunning. For example, Super Micro Computer (SMCI) announced that its quarterly sales rose 203.3% to $3.665 billion, compared with $1.803 billion in the same quarter a year ago. During the same period, the company’s earnings rose 62.4% to $296 million, or $5.10 per share. Furthermore, SMCI raised its guidance above analyst estimates, even though it had just raised its guidance two weeks earlier.
