Super Micro Computer (SMCI) are sinking in Tuesday's extended hours session after reporting preliminary earnings results for its fiscal first quarter. Ernst & Young resigned as the server developer's auditor amid accounting concerns.

Josh Lipton and Julie Hyman welcome Wedbush Securities SVP of Equity Research Matt Bryson on to talk more about the earnings print and how SMCI's stock is reacting.

"With the filing side of things, it they said they've pretty much completed their their internal audit, but they can't tell us when they're going to file," Bryson says, "And then on the number side there have been some fear that their their financial issues were going to create problems with their business. And certainly it looks like revenues aren't where they wanted them to be either for the quarter."

He calls the situation a "whole lot of unknown," especially as Super Micro searches for a new auditor.

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This post was written by Luke Carberry Mogan.