EMC Corp. (NYSE: EMC) reported Q1 EPS of $0.39, $0.01 worse than the analyst estimate of $0.40. Revenue for the quarter came in at $5.39 billion versus the consensus estimate of $5.42 billion.
EMC Corp. sees FY2013 EPS of $1.85, versus the consensus of $1.86. EMC Corp. sees FY2013 revenue of $23.5 billion, versus the consensus of $23.46 billion.
Good News. Growth, instead of Shortfall in Revenue for FY2013. Will tank in the Morning and end up Green...
Despite the miss, some analysts said investors would breathe a sigh of relief because of concerns ahead of the results that EMC would lower its outlook after weak results from other tech companies.
"There were fears of a disaster at EMC given what we have seen around tech with Oracle, IBM. So overall it was better than feared," said FBR Capital markets analyst Daniel Ives.