Dell Meets Earnings Estimates

Dell posts first-quarter earnings of 16 cents a share.
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Dell

(DELL) - Get Report

reported first-quarter earnings of $434 million, or 16 cents a share, meeting the

First Call

consensus estimate. Dell's earnings rose 42% from a year ago, when it earned $305 million, or 11 cents a share.

Revenue climbed 41% to $5.5 billion from $3.9 billion one year ago.

Dell, which slightly disappointed analysts last

quarter, has seen its stock move only fractionally this week, closing Tuesday at 44 1/16, up 13/16. Dell was down almost 3 in after-market trading after the earnings announcement, according to

Reuters Instinet

.

A more complete earnings roundup will follow after the company's conference call.

Editor's note:

Merrill Lynch

hosts its annual

Computer Hardware and Imaging Investor Conference

Wednesday and Thursday in New York City. On Wednesday, Michael Dell's left-hand man, vice-chairman Mort Tofler (Kevin Rollins is his right-hand man), and

Hewlett-Packard

(HWP)

CFO Robert Wayman will speak to money managers and Merrill Lynch clients.

Other executives speaking on the first day include:

Unisys

(UIS) - Get Report

CFO Robert Brust,

IBM

(IBM) - Get Report

storage systems director David Walling, and

Lexmark

(LXK)

CEO Paul Curlander, whose successful low-priced printer strategy has prompted investors to double the company's stock price over the last six months.

TSC

will provide coverage of the two-day event.