Dell: Q1 beats expectations
(CercleFinance.com) - On Thursday evening, Dell Technologies reported quarterly results that are well ahead of Wall Street expectations, despite an economic environment described as "difficult".
The Texan group's net profit for the three months to 5 May, its Q1, was $578m, or 79 cents per share, compared with $1.1bn ($1.37 per share) a year earlier.
Excluding exceptional items, EPS came to $1.31, well above the of just 86 cents.
Sales for the period fell by 20% to $20.9bn, again outperforming analysts' forecasts.
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The Texan group's net profit for the three months to 5 May, its Q1, was $578m, or 79 cents per share, compared with $1.1bn ($1.37 per share) a year earlier.
Excluding exceptional items, EPS came to $1.31, well above the of just 86 cents.
Sales for the period fell by 20% to $20.9bn, again outperforming analysts' forecasts.
Copyright (c) 2023 CercleFinance.com. All rights reserved.