Dell Q2 EPS Slightly Tops Estimates
Dell's (NASDAQ: DELL) fiscal 2014 second quarter results turned out to be slightly better than analysts had anticipated.
The company reported an EPS of $0.25 versus an estimate of $0.24. While this may be a penny higher than Wall Street expected, it is 50 percent lower than the company's EPS during the year-ago period.
Revenue came in at $14.5 billion versus an estimate of $14.18 billion.
Dell's Enterprise Solutions, Software and Services revenue rose nine percent and proved to be the one bright spot within the company's report.
Investors have responded to the news with a smidgen of concern. As of this writing, the stock is down less than one percent in after hours trading.
During the fiscal 2014 first quarter, Enterprise Solutions, Software and Services revenue increased 12 percent while the company's EPS plummeted 51 percent.
Despite the ongoing declines, investors have become increasingly intrigued by Dell -- mostly because of the possibility that the firm could be taken private.
Year-to-date, Dell is up more than 28 percent. The stock has plummeted more than 11 percent over the last two years, however, as investors shifted their attention to Apple (NASDAQ: AAPL) and other rising tech stars.
Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this report.
Louis Bedigian is the Senior Tech Analyst and Features Writer of Benzinga. You can reach him at 248-636-1322 or louis(at)benzingapro(dot)com. Follow him @LouisBedigianBZ
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