<p>Dell’s (NYSE: DELL) results for the technology company’s fourth quarter of 2019 have DELL shares moving after the markets closed on Thursday. This follows an adjusted earnings per share (EPS) of $ 2.00, which misses Wall Street‘s estimate of $ 2.02. However, revenue of $ 24.03 billion is just above Wall Street’s estimate of $ 24 billion.
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Here’s what’s more worth noting from the latest Dell earnings report.
Adjusted earnings for the quarter increased by 7.53% from $ 1.86 during the same period last year. Revenue will be nearly 1% higher than $ 23.84 billion in the fourth quarter of 2018. Operating profit of $ 717 million is an increase of 116.62% compared to the previous year from $ 331 million. Dell’s earnings report also includes a net profit of $ 416 million. This is a positive change from the company’s net loss of – 287 million dollars from the same period the year before.
Jeff Clarke, Chief Operating Officer of Dell Technologies, said this about DELL stock earnings:
“During the 2020 financial year, we focused on integration and simplicity in our operations and product portfolios to accelerate winning go-to-market solutions for our customers. With more than $ 180 billion in revenue over the past two years and significant investments in research, innovation and capacity, we have a uniquely favored position for the next digital decade. ”
Dell will hold a conference call to review the Q4 performance results. This call will take place at 17:30 Eastern time. Anyone who wants to listen can do so from their website Investor Relations.
The DELL share fell close to 2% after Thursday.
At the time of writing, William White had no position in any of the above securities.
Article printed from InvestorPlace Media, https://investorplace.com/2020/02/dell-earnings-dell-stock-dips-on-mixed-q4-results/.
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