Dell shares soar 15% after beating earnings expectations, cites rising demand for AI servers

In this article

Matthew Busch | Bloomberg | Getty Images

Shares of Dell Technologies popped more than 18% in extended trading Thursday after the company released fourth-quarter results that beat analysts’ estimates on top and bottom lines.

Here’s how the company did:

  • Earnings per share: $2.20 adjusted vs. $1.73 expected by LSEG, formerly known as Refinitiv
  • Revenue: $22.32 billion vs. $22.16 billion expected by LSEG

Dell’s revenue for the fourth quarter fell 11% from $25.04 billion in the year ago quarter. The company reported a net income $1.16 billion, up 89% from the $614 million it posted in the same period last year.

This is breaking news. Please check back for updates.

Products You May Like

Articles You May Like

Stellantis aims to correct ‘arrogant’ mistakes in U.S. market, CEO says
UAW president under investigation by federal monitor
At Stellantis investor day, cost cuts and China come into focus
Beatrice Advisors launches to serve millennial and Gen Z investors from diverse backgrounds
Don’t ‘just set it and forget it’ on money goals, advisor says: 5 steps for a mid-year financial checkup

Leave a Reply

Your email address will not be published. Required fields are marked *