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
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