For the most recent quarter, Dell (NASDAQ: DELL) announced net income higher than analysts' expectations. To gain insight into why the company reported as it did, investors might review the company's industry, financials, and commentary.
Earnings and Revenue:
Dell posted an EPS above analyst expectations, though revenues fell short of predictions. The company reported adjusted net income of 54 cents/share versus the 47 cents/share estimate and revenues of $15.37 billion versus the $15.69 billion estimate. Revenue fell 0.2% from the same period last year.
Last quarter marked the third in a row of rising net income. Slumping revenue in the last quarter ends Dell's streak of four consecutive quarters of revenue increases.
Income:
Over the past year, Dell reported net income of $2.16/share. The company trumped analyst projections of $1.81 by 19.3%. According to the reported number, the company's income rose 8.6% from last year's levels.
Conference Call:
The conference call for third quarter earnings can be accessed here.
Industry:
Dell's industry, computers-microprocessors, is currently reporting price/earnings growth of 0.9%.
What to Do Next:
Now that you've gotten a round up of Dell's latest numbers, you can make a better-informed decision about whether to buy, sell, or hold those shares. Whatever you do, be sure to visit us before the company's next earnings release for a full preview.
- To see up-to-date news on Dell, click here
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- To see other company earnings recaps, click here
- To see up-to-date news on Dell, click here
- To see other trading ideas, click here
- To see other company earnings recaps, click here
(Estimates Source: Zacks)
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