logo
Share SHARE
FONT-SIZE Plus   Neg

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
Health IQ Insurance Services, a startup focused on providing life insurance for health-conscious individuals, said it has secured $34.6 million in Series C funding, led by Andreessen Horowitz. To date, the company has raised a total of $81 million in funding mostly from its existing investors. General Motors Co. is recalling nearly 49,000 trucks worldwide to fix a fuel tank issue that can increase the risk of a fire. The recall covers Chevrolet Silverado 3500 and GMC Sierra 3500 trucks from the 2011 through 2015 model years, all equipped with dual fuel tanks. Meredith Corp. is reportedly in talks for the acquisition of Time Inc, with a staunch support from billionaire brothers Charles and David Koch. Des Moines-based Meredith is the publisher of Family Circle and Better Homes and Gardens and aims to acquire the publisher of Time, People and Fortune Magazines.
comments powered by Disqus
RELATED NEWS
Trade DELL now with 
Follow RTT