Dell Technologies saw a remarkable surge of over 18% in after-hours trading following the release of its fourth-quarter results, surpassing analysts’ expectations on both revenue and earnings. Adjusted earnings per share stood at $2.20, exceeding LSEG’s forecast of $1.73, while revenue reached $22.32 billion, topping LSEG’s estimate of $22.16 billion. Despite a decline in fourth-quarter revenue by 11% compared to the previous year, Dell reported a substantial increase in net income, reaching $1.16 billion, marking an 89% rise from the same period last year.
Broadcom Shares Fall 5% as Soft Q4 Outlook Overshadows Strong Earnings Beat
The AI chip giant topped third-quarter expectations and nearly doubled revenue, but weaker-than-expected guidance pressured shares after hours. Broadcom (AVGO)...
