Dell Technologies: Fiscal 1Q Earnings Snapshot
ROUND ROCK, Texas (AP) _ Dell Technologies Inc. (DELL) on Thursday reported fiscal first-quarter net income of $293 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 39 cents. Earnings, adjusted for one-time gains and costs, were $1.45 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.20 per share.
The computer and technology services provider posted revenue of $21.91 billion in the period.
Dell Technologies shares have risen 36% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $66.37, a drop of 18% in the last 12 months.