Dell Technologies Q3 EPS $1.88 Beats $1.47 Estimate, Sales $22.25B Miss $23.00B Estimate
Portfolio Pulse from Benzinga Newsdesk
Dell Technologies reported Q3 earnings of $1.88 per share, surpassing the $1.47 estimate, but experienced an 18.26% decrease from last year's $2.30. Sales were $22.25B, falling short of the $23.00B estimate and down 9.99% from the previous year's $24.72B.
November 30, 2023 | 9:06 pm
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Dell's Q3 earnings exceeded estimates but showed a year-over-year decline in both EPS and revenue, with sales missing expectations.
While Dell's EPS beat may be viewed positively, the miss on revenue and the year-over-year declines in both EPS and sales could concern investors. The mixed results may lead to short-term uncertainty in stock price movement.
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