Stocks to Watch: Dell, Tesla, Toll
NEW YORK -- Dell's (DELL) fourth-quarter earnings and revenue topped Wall Street estimates.
The PC maker reported fourth-quarter non-GAAP earnings of 40 cents a share on $14.3 billion in revenue, down 11% year over year, but up 4% over the previous quarter. The company noted that networking was strong, with revenue from the segment growing 42%.
Analysts were looking for earnings of 39 cents a share on revenue of $14.1 billion.
Citing the announcement to take the company private, Dell is not providing an outlook for its fiscal 2014 or the first quarter.Dell Earnings Beat Estimates, Led By Networking
Tesla Motors (TSLA) is expected by analysts Wednesday to report a fourth-quarter loss of 53 cents a share on revenue of $298.9 million. Tesla Triumphs but Questions Remain TheStreet will be live-blogging Tesla's results Wednesday afternoon.
Homebuilder Toll Brothers (TOL) posted fiscal first-quarter profit and revenue below analysts' expectations. Toll earned 3 cents a share in the quarter, reversing a year-earlier loss, on revenue of $424.6 million. Analysts were looking for profit of 11 cents a share on revenue of $500.6 million. Toll said Wednesday that backlog at Jan. 31 was $1.86 billion, up 66% from a year earlier.
Engineers at Boeing (BA) accepted a new four-year contract while technical workers rejected their offer and voted to authorize a future strike. The union representing both groups had recommended rejection of the contract because it wouldn't provide pensions to new employees, but a 401k retirement plan instead, The Associated Press reported. The vote tallied late Tuesday came as the company is trying to solve battery problems that have grounded its new 787s. Reuters, citing a source familiar with the aerospace company's plans, reported that Boeing has found a way to fix battery problems with its Dreamliner jets which involves increasing the space between cells.
Sony (SNE) is widely expected Wednesday to unveil the PlayStation 4 game console at an event in New York.
Dish Network (DISH) is expected by analysts to report fourth-quarter earnings of 51 cents a share on revenue of $3.56 billion. 4 Stocks Spiking on Big Volume
-- Written by Joseph Woelfel
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