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Dell Q2 Profit Down; Yet Tops View - Quick Facts

Dell Inc. (DELL: Quote) Thursday reported second-quarter net income of $204 million or $0.12 per share, compared to $732 million or $0.42 per share last year.

Adjusted net income for the quarter dropped to $433 million or $0.25 per share from $875 million or $0.50 per share last year. Analysts polled by Thomson Reuters expected earnings of $0.24 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter rose to $14.51 billion from $14.48 billion last year, while 17 analysts estimated revenues of $14.18 billion for the quarter.

Given the company's announcement on Feb. 5 of a definitive merger agreement to take Dell private, the company is not providing an outlook.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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Editors Pick
Amazon.com, Inc. said Thursday that its second quarter loss widened from last year, as operating expenses outpaced revenue growth amid heavy spending on new technology and contents. The company's quarterly loss per share was also wider than what analysts expected, but is quarterly sales came in line with analysts' forecast. The company also forecast an operating loss for the current quarter. After failing to sustain an initial upward move, stocks showed a lack of direction throughout much of the trading day on Thursday. The major averages eventually closed nearly unchanged, turning in a mixed performance for the second straight day. New home sales in the U.S. showed a notable decrease in the month of June, according to a report released by the Commerce Department on Thursday, with the steep drop offsetting the jump seen in the previous month.
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