(CercleFinance.com) – Dell released slightly better-than-expected second quarter results on Thursday, but its outlook disappointed investors, sending its stock down more than 8% on Wall Street.
The Texas computer group reported last night a net profit of 506 million dollars, against 629 million dollars the previous year, a decline of 20%.
On a per share basis, its earnings per share for the quarter ended July came to 68 cents, versus 66 cents expected by analysts.
But its turnover, up 9% to a ‘record’ level of 26.43 billion dollars, did not reach the 26.75 billion dollars targeted by the consensus.
Another disappointment, the computer maker said it was aiming “at worst” for around 290 million PC shipments in 2022, while Credit Suisse analysts had so far been aiming for annual sales of 300 million units.
‘We believe that many investors had already anticipated the scenario of a significant deterioration in income from PC sales’, however tempers the design office in a reaction note.
The stock fell 8.8% in early trading on the New York Stock Exchange.
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