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.