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Dell Q2 Profit Down; Yet Tops View - Quick Facts

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8/15/2013 4:14 PM ET

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
Starbucks Corp. said Thursday after the markets closed that its second quarter profit rose 9.4% from last year, helped by higher revenue. The company's quarterly earnings per share came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. The world's largest specialty coffee retailer also raised its full year earnings outlook. Software giant Microsoft Corp. said Thursday after the markets closed that its third quarter profit fell 6.6% from last year, when results were boosted by special upgrade offer revenues. However, the company's quarterly earnings per share came in above analysts' expectations as did its quarterly revenue. Apple Inc. said Wednesday after the markets closed that its second quarter profit rose 7% from last year, as sales surged and margins improved amid strong sales of its iPhones. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly revenue. At the same time, the company gave a slightly downbeat revenue forecast for the current quarter.
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