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Dell Technologies (DELL) on Thursday smashed Wall Street’s estimates for fiscal first-quarter sales and earnings. Dell stock jumped on the news.
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The Round Rock, Texas-based company earned an adjusted $1.31 a share on sales of $20.92 billion in the quarter ended May 5. Analysts polled by FactSet had expected Dell earnings of 86 cents a share on sales of $20.27 billion. In the year-earlier period, Dell earned $1.84 a share on sales of $26.12 billion.
In late afternoon trading on the stock market today, Dell stock rose 1.5% to 45.50.
Earnings report details to follow.
Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.
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