logo
Plus   Neg
Share
Email

Dell Technologies Q4 Earnings Miss Wall Street

Dell Technologies (DELL) Thursday reported fourth-quarter net income of $416 million, compared to loss of $287 million. Earnings per share were $0.54.

Adjusted income was $1.68 billion, up from $1.59 billion last year. Adjusted earnings per share were $2.00.

Fourth-quarter revenues were $24.0 billion, up 1 percent from $23.84 billion last year. Adjusted revenue was $24.1 billion, up 1 percent, over the same period last year.

Analysts polled by Thomson Reuters estimated earnings of $2.02 per share on revenues of $24 billion.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
JetBlue Airways said it will continue to block middle seats in rows where passengers are not traveling together through the July 4 holiday. JetBue will block middle seats on its Airbus aircraft, while it will block aisle seats on its smaller Embraer 190 aircraft. Customers traveling together will be allowed to sit in the middle and aisle seats. The U.S. Food and Drug Administration or FDA announced on its website that New Hoque and Sons, Inc. is recalling Radhuni Curry Powder distributed in New York City, New York due to potential Salmonella contamination. The recall was made after it was found that the finished products contained several strains of Salmonella, the company said. General Motors is reopening its plants in Mexico after it received approval from the Mexican government to restart operations in the country, according to reports. The automaker had suspended its operations in Mexico in the third week of March due to the coronavirus pandemic. GM's Mexican manufacturing facilities are important as they supply critical parts for its plants in the U.S.
Follow RTT