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Dell Technologies: Fiscal 2Q Earnings Snapshot

ROUND ROCK, Texas (AP) _ Dell Technologies Inc. (DELL) on Thursday reported fiscal second-quarter net income of $3.69 billion, after reporting a loss in the same period a year earlier.

The Round Rock, Texas-based company said it had profit of $4.83 per share. Earnings, adjusted for one-time gains and costs, were $2.15 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.46 per share.

The computer and technology services provider posted revenue of $23.37 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $23.11 billion.

Dell Technologies shares have fallen slightly more than 4% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $46.77, a decline of 51% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DELL at https://www.zacks.com/ap/DELL