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EMC Shares Climb Despite Tepid Outlook

Stock quotes in this article: EMC , IBM , NTAP , VMW  

Storage specialist EMC (EMC Quote) said its fourth-quarter results may come in at the low end of Wall Street's estimates, highlighting the uncertainty that's hanging over tech spending.

The storage giant, which reported its third-quarter results early Wednesday, is projecting fourth-quarter revenue of $4 billion and earnings of 23 cents to 24 cents a share. Excluding items, the company estimates earnings between 30 cents and 31 cents.

Analysts had estimated fourth-quarter revenue of $4.14 billion and earnings of 24 cents. ...

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