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Dell Technologies reports blowout earnings in Q3; Shares surge

Published 11/21/2022, 04:20 PM
Updated 11/21/2022, 04:27 PM
© Reuters.

© Reuters.

By Yasin Ebrahim

Investing.com -- Dell Technologies reported Monday third-quarter results that topped Wall Street estimates despite slower demand amid a weaker macroeconomic environment. 

Dell Technologies Inc (NYSE:DELL) was up 7% in afterhours trading following the report.

The company reported third-quarter adjusted EPS of $2.30 on revenue of $24.7 billion, compared with estimates for $1.61 per share and $24.4B, respectively.

The client solutions grouup reported a 17% decline in revenue to $13.8B year-on-year in Q3, offsetting 12% growth in its infrastructure solutions group business.

"We combatted slower demand and drove record profitability, with record operating income of $1.8 billion," the company said.

Latest comments

-2% ah?
"We combatted slower demand..." How? You can't create demand that isn't there and sell more stuff. What a pack of lies. All these companies are lying about everything. "Higher than expected" is NOT higher revenues and earnings. It never is. Stock buybacks do not entail higher revenues or earnings. Get out of Wall Street now or suffer the consequences.
good opinion but at the end it's your point of view and it does not meant to be true
how can you guys get an article out within minutes of earning release? unless you already knew about it before hand.
were head of ai and bots? they r written by ai
And even a human could write three paragraphs in 5 minutes.
Just what a faltering Nasdaq needs.
...then resumed it's crash.
Where the scam comments at?
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