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Dell Beats on Q3 EPS, Slight Sales Miss, Guides Above Forecasts for Q4 and Full Year

Management issued guidance above forecasts, signaling confidence despite a modest revenue shortfall.

Overview

  • Adjusted earnings were $2.59 per share versus the $2.48 consensus, with GAAP EPS at $2.28 and net income of $1.55 billion.
  • Revenue came in at $27.01 billion, trailing analyst estimates that clustered around $27.27 billion to $27.29 billion.
  • For the January quarter, Dell forecast per-share earnings of $3.50 and revenue of $31 billion to $32 billion, topping Street expectations.
  • Full-year guidance calls for EPS of $9.92 and revenue of $111.2 billion to $112.2 billion, above consensus levels cited by Sherwood News.
  • Shares were roughly flat after-hours following a 3.8% gain the prior session, as investors weighed upbeat outlooks against the top-line miss and recent mixed analyst calls.