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Alias Born 04/19/2024

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Friday, 04/19/2024 10:20:04 PM

Friday, April 19, 2024 10:20:04 PM

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"Companies listed on the S&P 500 or other stock exchanges are required to comply with SEC regulations when disclosing financial information, such as earnings releases. Although the SEC doesn't explicitly forbid companies from prereleasing earnings two weeks before the official date, strict guidelines must be adhered to. Prereleasing earnings has become less common due to market reactions in the past. Clearly the market overreacted today. There is confidence that SMCI will meet their guidance, given the strong demand for their solutions. They are expected to deliver an outstanding quarter with stellar guidance."
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