Dell Technologies Q2 EPS $1.74 Beats $1.14 Estimate, Sales $22.93B Beat $20.85B Estimate
Portfolio Pulse from Happy Mohamed
Dell Technologies reported Q2 earnings of $1.74 per share, beating the analyst consensus estimate of $1.14 by 52.63%. This is a 3.57% increase from the same period last year. The company also reported quarterly sales of $22.93 billion, beating the analyst consensus estimate of $20.85 billion by 10.00%. However, this is a 13.21% decrease from the same period last year.
August 31, 2023 | 8:05 pm
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POSITIVE IMPACT
Dell Technologies reported better than expected Q2 earnings and sales. However, sales are down 13.21% compared to the same period last year.
Dell's better than expected earnings and sales for Q2 are likely to have a positive impact on its stock price in the short term. However, the decrease in sales compared to the same period last year could be a concern for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100