Dell Down Around 2% After Q3 Results
Shares of computer-maker Dell (NASDAQ: DELL) have had a rough 2012. The stock has plunged almost 35 percent this year, and currently trade near the 52-week low. In Thursday's after hours trading session, the stock fell around 2 percent after the company released its fiscal third-quarter earnings results.
Dell reported adjusted net income of $679 million or $0.39 per share, a drop versus the $983 million or $0.54 per share, the company reported in the year ago period. The results missed analysts' consensus EPS estimates of $0.40 by a penny.
Revenue in the quarter fell 11 percent to $13.72 billion from $15.37 billion last year. This also came up short of expectations of $13.90 billion.
Looking ahead to the fourth-quarter, Dell said that it expects revenue to be up 2 to 5 percent on a sequential basis. The company also backed its full-year EPS outlook of at least $1.70. Currently, analysts expect Dell to earn $1.73 per share for the full-year.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.