Dell Misses the Bar

Dell (NASDAQ: DELL) is falling after hours after completely missing the bar on EPS and Revenue in almost every single product line; Seems like they didn’t even SEE the bar.Dell (NASDAQ: DELL) is falling after hours after completely missing the bar on EPS and Revenue in almost every single product line; Seems like they didn’t even SEE the bar. The stock is currently trading 14.50-14.70, down roughly 9% on the day. This will make for interesting trading tomorrow, which is also options expiration Friday. Options were active all day with no real directional bet popping out.

Dell computer reported Q3 (Oct) earnings of $0.23 per share, excluding non-recurring items, $0.05 worse than the consensus of $0.28; revenues fell 14.9% year over year to $12.9 billion versus the $13.18 billion consensus.