Why Dell Stock Is Trading Lower Today
Portfolio Pulse from Ryan Gustafson
Dell Technologies Inc. (NYSE:DELL) shares are trading lower in sympathy with HP, Inc., which fell after issuing weak guidance. Despite HP reporting better-than-expected Q3 results, the company issued full-year 2023 earnings per share guidance below estimates. Dell shares fell only a day before the company is set to report its Q2 earnings. Dell is expected to report earnings of $1.14 per share and revenue of $20.85 billion.
August 30, 2023 | 6:17 pm
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Dell shares are trading lower due to HP's weak guidance. This comes a day before Dell is set to report its Q2 earnings.
Dell's stock price is being negatively impacted due to HP's weak guidance. This is significant as it comes a day before Dell is set to report its Q2 earnings, which could further influence the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100