Investing
Dell Beats on Top Line, but Sales and Guidance Disappoint
Published:
Last Updated:
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
Robinhood set out to democratize investing to individuals, and it’s not slowing down. The app makes it possible to buy and sell stocks, mutual funds, trade options, and even cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).
With FDIC insurance ,an award winning design, and benefits like IRAs and more, Robinhood could be your path to a richer tomorrow.
Sign up today — click here to start your journey.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.