Lower-than-expected quarterly revenue impacts Dell’s stock performance

  • Dell’s stock is down 2% in extended trading after reporting lower-than-expected quarterly revenue
  • Fiscal-third-quarter net income was $1 billion, compared to $241 million in the same quarter last year
  • Adjusted earnings were $1.88 a share
  • Revenue was $22.25 billion, down from $24.7 billion a year ago
  • Analysts expected net earnings of $1.46 a share on revenue of $23 billion
  • Dell’s stock has surged 89% this year

Dell Technologies Inc.’s stock has dipped 2% in extended trading after reporting lower-than-expected quarterly revenue. The company’s fiscal-third-quarter net income was $1 billion, compared to $241 million in the same quarter last year. Adjusted earnings were $1.88 a share. Revenue for the quarter was $22.25 billion, down from $24.7 billion a year ago. Analysts had expected net earnings of $1.46 a share on revenue of $23 billion. Despite this setback, Dell’s stock has surged 89% this year.

Factuality Level: 8
Factuality Justification: The article provides specific financial information about Dell’s quarterly revenue, net income, and adjusted earnings. It also includes the expectations of analysts surveyed by FactSet. The information provided can be easily verified and is not sensationalized or biased.
Noise Level: 3
Noise Justification: The article provides relevant information about Dell Technologies’ stock performance and quarterly revenue. It includes specific figures and compares them to previous periods. However, it lacks analysis or insights into the reasons behind the lower-than-expected revenue and the implications for the company’s future. It also does not provide any actionable insights or solutions for investors.
Financial Relevance: Yes
Financial Markets Impacted: Dell Technologies Inc.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to financial topics as it discusses Dell Technologies Inc.’s quarterly revenue and stock performance.
Public Companies: Dell Technologies Inc. (DELL), S&P 500 index (SPX)
Key People:

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Reported publicly: www.marketwatch.com