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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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Highlights

  • Navigating Fragility: Investment Outlook for Late 2025
  • Strategy Expands Bitcoin Holdings with $60.2 Million Purchase
  • Lloyd Financial Group’s CIO Sees Opportunity in Risk Assets Ahead of Fed Rate Cut
  • Eco Wave Power Makes History with First U.S. Wave Energy Project
  • Zelle Operator Early Warning Services Explores Stablecoin Launch

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