The third quarter was a mixed bag for computing giant Dell, with earnings besting analysts’ expectations while overall sales fell short. Still, if after-hours trading was any indication, Wall Street was more impressed with the former.
Commercial sales were an especially strong point for the company in the third quarter, particularly in what it called the “large enterprise” segment. Datamation has the numbers.
Dell (NASDAQ: DELL) posted solid earnings for the third quarter today of $822 million or 42 cents a share. That’s up from $377 million for the same quarter a year ago, and beat the forecast by analysts surveyed by Thomson Reuters who on average expected Dell to earn 32 cents a share.
Revenue in the quarter rose 19 percent to $15.4 billion, but those results fell short of Wall Street’s estimate of $15.76 billion.