Dell reported better-than-expected profit and margins and raised its yearly outlook for operating income growth, but sales came in below Wall Street's forecast despite solid demand from large corporations.
The computer maker reported net earnings for the third quarter ended October 29th of $822 million, or 42 cents a share, up from $337 million, or 17 cents a share, in the year-ago period.
Excluding items, Dell earned 45 cents a share, better than the average analyst estimate of 32 cents a share.
Revenue rose 19 per cent to $15.4 billion, below Wall Street's estimate of $15.76 billion.
Dell said it expects full-year revenue to track toward the mid-point of the 14 per cent to 19 per cent range it set earlier in the year and non-GAAP operating income to grow between 28 per cent and 32 per cent, which was above its earlier forecast.
Shares of Texas-based Dell closed at $13.67, up 2.4 per cent in the regular session before the earnings report, and were halted in after-hours trading.
Reuters