As far as guidance, Dell projected 2% to 5% sequential revenue growth and that would equate to a range of $14.18 to $14.59 billion. Thomson Reuters is calling for $0.40 EPS and $14.49 billion in revenue. Dell’s comments were for a challenging macroeconomic environment to continue and for those results to impact the company’s fourth quarter.
Dell ended with about $11 billion in cash and cash equivalents at the end of the quarter. Revenue was down 9% in its Americas sales and down 11% in Asia-Pacific and Japan. EMEA revenue was down by 15%.
Dell shares closed down 0.2% at $9.56 against a 52-week range of $9.11 to $18.36. Its market cap was about $16.6 billion at the closing price. Dell shares initially popped but the stock looks like it is down by 1.5% at $9.42 in the after-hours session.
We have said it before and we will say it again. Old technology companies like this are really no different from making toasters. The only difference is that an earnings report could not be compiled nor read through a toaster. Not yet. While this is a miss, at some point the uncommon value will come into play as the earnings reports will be considered “just good enough.” That is if PCs get to maintain not just a relevance but a significant relevance.
JON C. OGG
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
