Dell Earnings Beat Expectations by a Penny
TSC Staff
08/10/00 - 04:27 PM EDT
PC maker
Dell (DELL) Thursday reported second-quarter earnings that beat Wall Street's expections.
Not Dell's Year
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The Austin, Texas-based computer giant said earnings for the quarter ended July 31 jumped to $603 million, or 22 cents a share, from $507 million, or 19 cents a share, a year earlier. Analysts had been expecting second-quarter profit of 21 cents a share. Sales jumped to $7.67 billion from $6.14 billion a year earlier.
Wall Street greets earnings reports from the likes of Dell with a fair amount of caution, as maturing industries are particularly vulnerable to economic slowdowns of the sort that investors fear are dawning right now.
