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Dell Profit Dazzles

Stock quotes in this article: DELL , IBM , HPQ  

Updated from 7:16 a.m. EST

Embattled Dell(DELL Quote)delivered a major upside surprise Tuesday, blowing past Wall Street's third-quarter earnings expectations.

Shares rose 10.4% in early action Wednesday to $27.40, breaking out of a long slump brought on by the company's growth slowdown and financial missteps.

The company said it posted net income of $677 million, or 30 cents a share, beating the Thomson First Call analyst estimate of 24 cents a share. ...

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