Dell Inc. (DELL) reported first quarter adjusted EPS of $0.43 after the bell Tuesday, down from $0.55 in the prior year period. The consensus estimate was for EPS of $0.46. The company said it expects second quarter revenue to be in line with historical seasonal trends and be up 2% to 4% sequentially.
Dell gapped open sharply lower Wednesday and declined during the first hour of trade. The stock settled into a range for the remainder of the session and closed down by 2.59 at $12.49 on the highest volume of the year. Dell has been on a downward trend for the past 3 months and sank to a new low for the year.
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