reported first-quarter earnings of $434 million, or 16 cents a share, meeting the
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
A more complete earnings roundup will follow after the company's conference call.
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
CFO Robert Wayman will speak to money managers and Merrill Lynch clients.
Other executives speaking on the first day include:
CFO Robert Brust,
storage systems director David Walling, and
CEO Paul Curlander, whose successful low-priced printer strategy has prompted investors to double the company's stock price over the last six months.
will provide coverage of the two-day event.