Dell Reports Mixed Earnings

released its first-quarter earnings results after the closing bell on Thursday. The company reported net income of $130 million or $0.07 per share, compared to $635 million or $0.36 per share, in last year's corresponding quarter. On an adjusted basis, net income fell to $372 million or $0.21 per share, from $761 million or $0.43 per share, in last year's first-quarter. This missed Wall Street consensus EPS estimates of $0.35 by a wide margin. Revenue in the period was $14.07 billion from $14.42 billion last year. This topped analysts' consensus estimates of $13.52 billion. In late trading, DELL shares had fallen 0.52 percent to $13.36.