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Dell profit falls on lower sales, shares down

Dell Inc.on Tuesday reported a fiscal second-quarter profit of $732 million, or 42 cents a share, compared with a profit of $890 million, or 48 cents a share, for the year-earlier period
Revenue was $14.5 billion, down from $15.7 billion
Adjusted profit was 50 cents a share
Analysts were expecting the Round Rock, Texas-based technology company to report a profit of 45 cents a share, on revenue of $14.7 billion, according to a consensus survey by FactSet
For the current quarter, Dell said it expects revenue to be down 2% to 5% from the second quarter
The company also said it is revising its full-year adjusted earnings outlook to at least $1.70 a share Analysts were expecting a full-year profit of $1.90 a share, according to data from FactSet

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El Genio dijo...

SAN FRANCISCO (MarketWatch) - Dell Inc. DELL-4.62% saw a dramatic shift in demand in emerging markets, particularly in the so-called BRIC countries where the company saw a 15% decline in sales, the company's Chief Financial Officer Brian Gladden told MarketWatch. "That's been part of our business that's been growing double-digits," he said, adding, "The PC business is in a tough environment." But Gladden said the company expects to see "good growth" in its enterprise business in the second half. Dell shares were down more than 3% after the company also cut its full-year forecast.