Computer Maker Dell Crushes First-Quarter Sales, Earnings Views

Computer hardware giant Dell Technologies (DELL) late Thursday crushed Wall Street’s targets for its fiscal first quarter. Dell stock rose in extended trading.


The Round Rock, Texas-based company earned an adjusted $2.13 a share on sales of $24.49 billion in the quarter ended April 30. Analysts expected Dell earnings of $1.62 a share on sales of $23.35 billion. In the year-earlier period, Dell earnings were $1.34 a share on sales of $21.90 billion.

In after-hours trading on the stock market today, Dell stock climbed 1.8%, near 101.50. During the regular session Thursday, Dell stock rose a fraction to 99.70.

Rival HP (HPQ) also planned to report quarterly results late Thursday.

Earnings details to follow.

Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.


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