Tags: US | Earns | Dell

Dell's Earnings Jump 52 Percent on Business Sales

Thursday, 20 May 2010 05:00 PM

Computer maker Dell Inc. says its first-quarter net income rose 52 percent, helped by sales of computers to businesses and technology services to public-sector customers.

Dell said Thursday that from February through April, it earned $441 million, or 22 cents per share. In the same period a year ago it earned $290 million, 15 cents per share.

Excluding certain items in the latest period, earnings were 30 cents per share. That was three cents more than Wall Street analysts were expecting, according to Thomson Reuters.

Dell's revenue rose 21 percent to $14.9 billion, more than the $14.3 billion analysts were expecting.

Dell is the world's third-largest PC maker behind Hewlett-Packard Co. and Taiwan's Acer Inc.

Its earnings report came out after Dell stock fell 66 cents, 4.4 percent, to close at $14.32. In extended trading the shares fell 79 cents, 5.5 percent, to $13.53.

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Computer maker Dell Inc. says its first-quarter net income rose 52 percent, helped by sales of computers to businesses and technology services to public-sector customers.Dell said Thursday that from February through April, it earned $441 million, or 22 cents per share. In...
US,Earns,Dell
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2010-00-20
 

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