Dell Recovers from Early-Morning Jitters - TheStreet

Dell Recovers from Early-Morning Jitters

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Dell Computer (DELL) - Get Report was down only 0.2% in late afternoon, recovering from an early drop on the company's fourth-quarter earnings warning. Before the bell, Dell said it expects earnings of between 18 cents and 19 cents a share, down from its previous estimate of 26 cents and below analysts' expectations of 25 cents. Merrill Lynch responded by cutting Dell's EPS for 2002 to $1.02 from $1.15.