Dell’s stock soars as company easily beats on earnings

Dell Technologies Inc. shares DELL, +0.99% were surging 10% in aftermarket trading Thursday after the technology giant posted sizable beats on profit and revenue. The company posted fiscal second-quarter net income of $455 million, or 63 cents a share, compared with $506 million, or 68 cents a share, in the year-prior period. On an adjusted basis, Dell earned $1.74 a share, up from $1.68 a year before, while analysts tracked by FactSet were projecting $1.14 a share.

Revenue declined to $22.9 billion from $26.4 billion, whereas analysts were looking for $20.9 billion. “We continue to focus on the most profitable segments of the market where we have a leading position,” Chief Operating Officer Jeff Clarke said in a release. He noted that demand for Dell’s proprietary software-defined storage solution has risen for eight consecutive quarters.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

HP Inc. Earnings Disappoint. The Stock Drops.Fundamentals are improving more slowly than the company had hoped, prompting management to lower its outlook for the October 2023 fiscal year.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Berkshire Hathaway Inc. Cl B stock outperforms market on strong trading dayShares of Berkshire Hathaway Inc. Cl B inched 0.77% higher to $361.06 Wednesday, on what proved to be an all-around favorable trading session for the stock...
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Alphabet Inc. Cl A stock rises Wednesday, outperforms marketShares of Alphabet Inc. Cl A inched 0.97% higher to $135.88 Wednesday, on what proved to be an all-around great trading session for the stock market, with...
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Apple Inc. stock rises Wednesday, outperforms marketShares of Apple Inc. advanced 1.92% to $187.65 Wednesday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ...
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »