AP NEWS

Dell Technologies: Fiscal 3Q Earnings Snapshot

November 26, 2019

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DELL at https://www.zacks.com/ap/DELL