(AOF) – The price of Dell Technologies fell 5.11% to 45.45 dollars in pre-market trading after the publication of its results for the second quarter of its fiscal year 2023 on Thursday. Adjusted earnings per share settled at $1.68, which is at the upper end of the company’s expected range ($1.55-1.70/share) and slightly above consensus ($1.64/share). stock). Net income from continuing operations was down 20% to $506 million.
Its revenues rose 9% to $26.42 billion, against a Wall Street consensus of slightly above $26.5 million.
The publication of a quarterly turnover below expectations is due to weaker sales growth, inflation, the rise of the dollar and the epidemic outbreak in China, its second bigger market.
In the next quarter ending in October, Dell expects revenue of between $23.8 billion and $25 billion, down 8% at the midpoint, well below previous guidance of $26.3 billion. dollars. The company forecasts earnings of $1.53 to $1.79/share, roughly in line with the market forecast of around $1.65/share.
“We remain focused on what we can control, remaining flexible and opportunistic, and delivering our shareholders revenue and EPS growth with strong free cash flow over time,” said Tom. Sweet, CFO of Dell Technologies.
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New ambitions of Samsung and Huawei on the market
Samsung recently unveiled four new laptops after it backed away from operating outside Korea in 2015. For his part, faced with the American sanctions which have penalized his activities in the field of smartphones since 2019, the founder of Huawei, called at the beginning of the year his employees to accelerate the diversification of the group. The Chinese giant recently displayed its ambitions in the PC/tablet market, which is one of the pillars of this strategy. To do this, it will have to compete with Lenovo in China and above all take market share in the United States and Western Europe, markets known to be difficult to penetrate.