Why Dell Stock Is Trading Higher After Hours

Dell Technologies Inc. DELL shares are trading higher in the after-hours session after the company reported better-than-expected second-quarter earnings.

What To Know: Dell reported quarterly earnings of $1.74 per share which beat the analyst consensus estimate of $1.14, a 3.57% increase over earnings of $1.68 per share from the same period last year. The company reported quarterly sales of $22.93 billion which beat the analyst consensus estimate of $20.85 billion, a 13.21% decrease over sales of $26.43 billion the same period last year.

Cash flow from operations was $3.2 billion, attributed to working capital improvements, sequential growth and profitability.

"Our Q2 performance underscores the power of our model to generate cash in a sequential growth environment," said Yvonne McGill, CEO, Dell Technologies.

"Revenue grew 10% sequentially to $22.9 billion, with strong cash flow from operations of $3.2 billion in Q2 and $8.1 billion over the last 12 months. We continue to deliver value to shareholders and have flexibility to increase our return of capital going forward."

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DELL Price Action: Shares of DELL were up 6.13% at $59.72 in the after-hours session at the time of publication, according to Benzinga Pro.

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