Why Dell Stock Is Trading Higher After Hours
Portfolio Pulse from Ryan Gustafson
Dell Technologies Inc. reported better-than-expected Q2 earnings, leading to a rise in its stock price in after-hours trading. The company reported earnings of $1.74 per share, beating the analyst consensus estimate of $1.14. Quarterly sales were $22.93 billion, surpassing the analyst consensus estimate of $20.85 billion. Cash flow from operations was $3.2 billion, attributed to working capital improvements, sequential growth, and profitability.
August 31, 2023 | 8:29 pm
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Dell's better-than-expected Q2 earnings and sales have led to a rise in its stock price. The company's strong cash flow from operations indicates good financial health.
Dell's Q2 earnings and sales exceeded analyst expectations, indicating strong performance. This positive news is likely to boost investor confidence, leading to a rise in the stock price. The company's strong cash flow from operations further underscores its financial health, which is a positive sign for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100