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I was very surprised, happy but surprised
It beat estimates but guidance was meh and if you listened to the conference call, analysts seemed a bit nonplussed.
Stock down in after hours trading!
Nothing to be proud of, beat estimates, but....
Dell Technologies (NYSE: DELL) announces financial results for its fiscal 2024 first quarter. Revenue
was $20.9 billion, down 20%. The company generated operating income of $1.1 billion and non-GAAP
operating income of $1.6 billion, down 31% and 25%, respectively. Diluted earnings per share was $0.79,
and non-GAAP diluted earnings per share was $1.31, down 42% and 29%, respectively. Cash flow from
operations was $1.8 billion.
Dell DELL +3.17% posted unexpectedly strong earnings for its fiscal first quarter thanks to revenue that slightly exceeded expectations combined with some big cost reductions for components that were previously in short supply
They did beat expectations
They have beat expectations almost every quarter for past several years. Dell Stock runs sideways. Enjoy the beat down later (even if we beat) lowered guidance will be the theme that shaves another $7-8 off the current price.
I heard rumor some firms are starting to sniff around. It’ll be interesting to see what Act III is.
Maybe! Expectations are low. Dell estimate is low. Beating expectations isn’t reflective of business health.
Is this some sort of Joke ? A certain No
Yes they will, fact
Doubtful.