Supermicro’s stock took a significant hit in after-hours trading on 2024, plummeting by 13% following the company’s disappointing fourth-quarter earnings report. The decline came despite the company announcing a 10-for-1 stock split, a move typically seen as positive for investors.

The company, a leading provider of high-performance computing, storage, and networking solutions, reported earnings per share of [EPS amount], falling short of analysts’ expectations of [expected EPS amount]. Revenue also came in below estimates, reaching [revenue amount] versus the projected [expected revenue amount].

The missed earnings were attributed to [briefly explain reason for missed earnings, according to company statements]. However, the company expressed optimism about future growth, citing [positive factors mentioned by company].

The 10-for-1 stock split, announced alongside the earnings report, is intended to make the company’s shares more accessible to a wider range of investors. This typically leads to an increase in trading volume and can boost the stock’s liquidity. However, the move failed to offset the negative impact of the disappointing earnings.

While the stock split could attract new investors in the long run, the immediate investor reaction was driven by the earnings miss. The sharp decline in after-hours trading suggests that investors are concerned about the company’s current performance and future prospects.

It remains to be seen whether Supermicro can regain investor confidence and bounce back from this setback. The company’s future performance will depend on its ability to address the challenges it is facing and execute on its growth strategy.