Why Super Micro Computer Shares Are Trading Higher By Over 10%; Here Are 20 Stocks Moving Premarket

Shares ofSuper Micro Computer Inc(NASDAQ:SMCI) rose sharply in pre-market trading after the company posted better-than-expected results for its second quarter.

Super Micro Computer reported quarterly earnings of 69 cents per share, which beat the analyst consensus estimate of 49 cents by 41.68%, according to data from Benzinga Pro. Quarterly revenue came in at $12.68 billion, which beat the Street estimate of $10.22 billion and was up from $5.68 billion in the same period last year.

Super Micro said it expects third-quarter adjusted EPS of 60 cents, versus the 53-cent analyst estimate, and expects revenue in a range of $12.3 billion, versus...