Ultramicro computer (SMCIfibawc2023qualifiersasia.US) U.S. stocks fell about 8.5% to $786.01 before the session. Ultramicro Computer Q3 revenue was US$3.85 billion, a year-on-year increase of 200%, but fell short of market expectationsfibawc2023qualifiersasia$3.95 billion; adjusted earnings per share were $6.65, better than market expectations of $5.78. Ultramicro Computer raised its fiscal year 2024 revenue guidance from US$14.3 billion to US$14.7 billion to US$15.1 billion, with analysts expecting US$14.6 billion.
