Dell Technologies: Fiscal 3Q Earnings Snapshot
ROUND ROCK, Texas (AP) _ Dell Technologies Inc. (DELL) on Tuesday reported fiscal third-quarter net income of $493 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Round Rock, Texas-based company said it had profit of 66 cents. Earnings, adjusted for one-time gains and costs, were $1.75 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.55 per share.
The computer and technology services provider posted revenue of $22.84 billion in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $22.9 billion.
Dell Technologies shares have risen roughly 6% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $51.76, a drop of 51% in the last 12 months.