Dell Technologies Q1 EPS $1.31 Beats $0.86 Estimate, Sales $20.92B Beat $20.27B Estimate
Portfolio Pulse from Happy Mohamed
Dell Technologies reported Q1 earnings of $1.31 per share, beating the analyst consensus estimate of $0.86 by 52.33%. Quarterly sales were $20.92 billion, surpassing the estimate of $20.27 billion by 3.22%. However, this represents a 28.8% decrease in earnings and a 19.89% decrease in sales compared to the same period last year.
June 01, 2023 | 7:02 pm
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NEUTRAL IMPACT
Dell Technologies' Q1 earnings and sales beat estimates, but both figures decreased compared to the same period last year.
Dell Technologies beat analyst estimates for Q1 earnings and sales, which could have a positive impact on the stock price. However, the decrease in earnings and sales compared to the same period last year may offset the positive sentiment, resulting in a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100