Super Micro Computer Inc (NASDAQ:SMCI) is trading 6.6% higher in pre-market on Wednesday as it announced yesterday that it would meet the SEC filing deadline to avoid delisting.
What Happened: SMCI anticipates submitting its delayed annual and quarterly reports to the U.S. Securities and Exchange Commission by the Nasdaq’s Feb. 25 deadline. The Dell (NYSE:DELL) rival had postponed these filings following accusations of accounting violations by short-selling firm Hindenburg Research.
SMCI also reported preliminary second-quarter earnings that trailed Wall Street’s expectations, leading to a 19% decline in its shares …
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