Here's Why Dell Technologies Shares Are Nosediving Friday

Here's Why Dell Technologies Shares Are Nosediving Friday

Dell Technologies Inc DELL shares are trading lower by 10.10% to $43.06 Friday morning after the company reported worse-than-expected second-quarter sales results.

What Happened?

Dell Technologies reported second-quarter FY23 revenue growth of 9% year-over-year to $26.4 billion, with growth across client and infrastructure business units and missing the consensus of $26.55 billion.

Recurring revenue for the second-quarter was ~$5.2 billion, up 8% Y/Y... Read More

See Also: If You Invested $1,000 In Tesla Stock When Elon Musk Was Sued By The SEC In 2018, Here's How Much You'd Have Right Now

According to data from Benzinga Pro, Dell Technologies has a 52-week high of $61.54 and a 52-week low of $38.32.

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