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Home Companies Large-Cap
dell

Dell Technologies Surges 18% After Beating Q4 Estimates

byLiliana Vida
March 1, 2024
in Large-Cap, Technology
Reading Time: 1 min read
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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.

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