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Dell Q1 Profit Down, Misses Street; But Revenue Tops View

Dell Inc. (DELL) Thursday reported first-quarter net income of $130 million or $0.07 per share, down from $635 million or $0.36 per share last year.

Adjusted net income for the quarter dropped to $372 million or $0.21 per share from $761 million or $0.43 per share last year. Analysts polled by Thomson Reuters expected earnings of $0.35 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter dropped to $14.07 billion from $14.42 billion last year. Analysts estimated revenues of $13.52 billion for the quarter.

Dell did not issue an outlook for the second quarter in view of its announcement of going private.

by RTTNews Staff Writer

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