Dell Technologies Expects Gross Margin Rate To Decline About 150 Basis Points
Portfolio Pulse from Benzinga Newsdesk
Dell Technologies expects its gross margin rate to decline by approximately 150 basis points, as reported by Reuters citing a conference call.
May 30, 2024 | 8:50 pm
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Dell Technologies expects its gross margin rate to decline by about 150 basis points, which could negatively impact its profitability and stock price in the short term.
A decline in gross margin rate indicates reduced profitability, which is likely to concern investors and could lead to a short-term decrease in Dell's stock price.
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