Recap: Dell Technologies Q4 Earnings
Portfolio Pulse from Benzinga Insights
Dell Technologies (NYSE:DELL) reported Q4 earnings with an EPS of $2.2, beating estimates by 27.0% against an expected $1.73. However, revenue decreased by $2.72 billion from the same period last year. Despite beating EPS estimates in the past quarters, such as a $0.41 beat last quarter, the share price dropped by 5.0% the following day.
February 29, 2024 | 9:15 pm
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Dell Technologies reported a significant beat on Q4 EPS estimates but saw a decrease in revenue compared to the same period last year.
While Dell Technologies exceeded EPS expectations, the decrease in revenue and historical context of share price drops following earnings beats suggest a neutral short-term impact on the stock price. The significant beat on EPS estimates could provide some positive sentiment, but the revenue decline and past performance indicate potential investor caution.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100