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Super Micro Computer said on Wednesday Ernst & Young had resigned as its auditor, sending its shares tumbling more than 30% ...
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Super Micro Computer stock went negative for the year after an earlier filing revealing its accounting firm had resigned.
Ernst&Young was asked to audit the server manufacturer's books for the past financial year, but came across inconsistencies.
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Shares of Super Micro Computer plunged more than 30% Wednesday morning, after the server maker disclosed that Ernst & Young had resigned as its public accounting firm.
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Shares of Super Micro Computer fell more than 30 percent on Wednesday after the server manufacturer disclosed the unexpected resignation of Ernst & Young (EY) as its public accounting firm.
Super Micro Computer stock (SMCI) cratered Wednesday, falling over 32% after a filing revealed accounting firm Ernst & Young (EY) has resigned from its relationship with the tech company.