Dell Technologies: Fiscal Q4 Earnings Snapshot
ROUND ROCK, Texas (AP) — ROUND ROCK, Texas (AP) — Dell Technologies Inc. (DELL) on Thursday reported fiscal fourth-quarter profit of $1.16 billion.
On a per-share basis, the Round Rock, Texas-based company said it had net income of $1.59. Earnings, adjusted for one-time gains and costs, were $2.20 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.73 per share.
The computer and technology services provider posted revenue of $22.32 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $22.13 billion.
For the year, the company reported profit of $3.21 billion, or $4.36 per share. Revenue was reported as $88.43 billion.
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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
