Dell Technologies' Q4 profit, sales rise
Shares of Dell Technologies Inc. rose more than 3% in the extended session Thursday after the tech company reported fourth-quarter profit and sales that were better than Wall Street expected. Dell said it earned $1.3 billion, or $1.57 a share, in the quarter, compared with $416 million, or 54 cents a share, in the year-ago quarter. Adjusted for one-time items, Dell earned $2.70 a share, compared with $2 a share a year ago. Revenue rose 9% to $26.1 billion, Dell said. Analysts polled by FactSet had expected Dell to report adjusted earnings of $2.14 a share on sales of $24.5 million. "This year's strong results are a testament to the flexibility of Dell Technologies' business model and the resilience of our team," Chief Financial Officer Tom Sweet said in a statement. Dell's full-year revenue rose 2% to $94.2 billion. The stock ended the regular trading day down 2.5%.
Portions of Dell Technologies Inc. rose over 3% in the all-inclusive meeting Thursday after the tech organization announced the final quarter benefits and deals that were superior to Wall Street anticipated. Dell said it acquired $1.3 billion, or $1.57 an offer, in the quarter, contrasted and $416 million, or 54 pennies an offer, in the year-prior quarter. Adapted to one-time things, Dell acquired $2.70 an offer, contrasted and $2 an offer a year prior.
Income rose 9% to $26.1 billion, Dell said. Experts surveyed by FactSet had anticipated that Dell should report a changed income of $2.14 an offer on deals of $24.5 million. "The current year's solid outcomes are a demonstration of the adaptability of Dell Technologies' plan of action and the flexibility of our group," Chief Financial Officer Tom Sweet said in an articulation. Dell's entire year income rose 2% to $94.2 billion. The stock finished the standard exchanging day down 2.5%.