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Computer Maker Dell Crushes First-Quarter Sales, Earnings Views

Computer hardware giant Dell Technologies (DELL) late Thursday crushed Wall Street’s targets for its fiscal first quarter. Dell stock rose in extended trading.




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The Round Rock, Texas-based company earned an adjusted $2.13 a share on sales of $24.49 billion in the quarter ended April 30. Analysts expected Dell earnings of $1.62 a share on sales of $23.35 billion. In the year-earlier period, Dell earnings were $1.34 a share on sales of $21.90 billion.

In after-hours trading on the stock market today, Dell stock climbed 1.8%, near 101.50. During the regular session Thursday, Dell stock rose a fraction to 99.70.

Rival HP (HPQ) also planned to report quarterly results late Thursday.

Earnings details to follow.

Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.

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