logo
Plus   Neg
Share
Email
Comment

Dell Q2 Profit Down; Yet Tops View - Quick Facts

Dell Inc. (DELL) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Angry protesters are planning more than 50 demonstrations on Friday at several Tim Hortons locations across Canada after some franchise owners in Ontario slashed workers' benefits as well as paid breaks in response to the Ontario government's minimum wage hike. The protests are being organized by advocacy group Leadnow and the Fight for $15 & Fairness Campaign. Athletic footwear giant Nike, Inc. on Thursday announced a new marketing head, in its efforts to boost market share. The company promoted Dirk-Jan "DJ" van Hameren as its VP, Chief Marketing Officer, effective immediately. Van Hameren will succeed Greg Hoffman, who has been appointed VP, Global Brand Creative & Marketing Innovation Amazon.com Inc. (AMZN) said Thursday that it has chosen the 20 metropolitan areas to move to the next phase of the selection process for the company's second headquarters. The company plans to invest over $5 billion and grow the second headquarters to accommodate as many as 50,000 high-paying jobs.
comments powered by Disqus
Follow RTT