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Dell Beats on Top Line, but Sales and Guidance Disappoint

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By Jon C. Ogg Updated Published
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Dell Inc. (NASDAQ: DELL) has reported its quarterly earnings and the results are not exactly driving the initial interest the way Michael Dell would probably want. The PC giant reported earnings of $0.50 in adjusted earnings per share and $14.5 billion in revenue. Thomson Reuters has a consensus of $0.45 EPS and revenues are expected to be $14.65 billion. WhisperNumber.com shows an unofficial whisper number (the better’s consensus) estimate at $0.48 in earnings per share.

For the coming quarter, Dell is looking for a sequential contraction of 2% to 5% and that would put the sales figure under the estimates as Thomson Reuters has estimates of $0.48 EPS and $14.86 billion in revenue.

The problems in the last quarter seem universal as even its the BRIC nations saw a sales decline of 15% and the company said that growth in the PC business is challenging. The company also cited tough macroeconomic conditions and a competitive environment. Its adjusted gross margin was 22.6%.

Dell closed down 1.75% at $12.34 and its 52-week range is $11.39 to $18.36. Shares are trading down about 3.9% at $11.86 in the after-hours session.

JON C. OGG

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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