logo
Share SHARE
FONT-SIZE Plus   Neg

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 RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Teens and young adults now find Instagram and Snapchat more attractive than Facebook, a new study by eMarketer revealed. The report also suggested that for the first time, Snapchat might overtake Facebook in the U.S. by gaining a marketshare of 40.8 percent in social network. A new survey has shown that a majority of parents as well as teens agree that texting or use of cell phones are the biggest distraction to teen drivers. The survey also found that risky driving behavior seems to run in the family. The 2017 Family Safe Driving Report was released by EverQuote Inc., a venture-backed online insurance marketplace. Less than two months after its debut on the New York Stock Exchange, embattled meal-kit delivery company Blue Apron Holdings Inc. has been hit with multiple shareholder lawsuits for its "misleading" and "untrue" statements in its IPO prospectus. The various lawsuits mirror each other in their allegations against Blue Apron, its CEO, CFO, directors and the underwriters of its IPO.
comments powered by Disqus
Follow RTT