Dell Inc. (NASDAQ: DELL) is playing a bit of market give-back after its earnings. The PC-maker and IT-services player reported earnings of $0.51 EPS and $16.03 billion in sales. Some consensus reports were at $0.51 EPS, but our Thomson Reuters consensus was $0.52 EPS.
Shares had been rallying ahead of the report, so now they are selling off after the report. Gross margin came in at 21.1%. Growth was 15% in China, and 10% in Asia/Pacific.
Desktop PC sales were $3.7 billion, mobility sales were $4.88 billion, services was $2.18 billion, and software and peripherals came in at $2.25 billion. Servers and networking added another $2.22 billion, and $500 million came from storage.
Dell is offering a preliminary outlook or first target for the coming year of exceeding $2.13 EPS, giving this an earnings multiple of less than ten. The company sees a decline of up to 7% in sequential sales.
Dell closed up 0.3% at $18.21, and the 52-week trading range was $13.29 to $18.36 after hitting a new yearly high today. Shares are down about 3.1% at $17.63 in the after-hours session.
JON C. OGG
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