Dell Technologies Inc.’s revenue plunged in the fiscal first quarter by the largest percentage on record for the company, but the results still easily beat diminished expectations and sent shares higher in Thursday trading.
After... Dell Technologies Inc.’s revenue plunged in the fiscal first quarter by the largest percentage on record for the company, but the results still easily beat diminished expectations and sent shares higher in Thursday trading. After adjusting for stock compensation and other expenses, the company reported earnings of $1.31 a share, down nearly 29% from $1.84 a year ago. Analysts on average expected adjusted earnings of 86 cents a share on sales of $20.12 billion, according to FactSet.
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