Categories Earnings, Technology

Dell Technologies (DELL) misses Q4 2020 earnings view

Dell Technologies (NYSE: DELL) reported fourth quarter 2020 adjusted earnings of $2.00 per share. The company reported GAAP revenue of $24 billion and non-GAAP revenue of $24.1 billion. The market had expected Dell to post earnings of $2.02 per share on revenue of $24 billion. DELL stock dropped about 5% during the extended-trading hours.

DELL stock tumbled to a new 52-week low ($42.90) in today’s regular trading session as the tech giant Microsoft (NASDAQ: MSFT) sent a caution to the Wall Street that its PC business might not meet the guidance due to the impact of coronavirus outbreak.

Dell Technologies (DELL) misses Q4 2020 earnings view

On a GAAP basis, the company’s net income stood at $416 million or $0.54 per share for the quarter ended January 31, 2020. This compares to a loss of $287 million for the fourth quarter ended February 1, 2019.

Client Solutions Group revenue grew 8% year-over-year to $11.8 billion in the recently ended quarter. Dell shipped a record 46.5 million units during the 2019 calendar year. Infrastructure Solutions Group revenue decreased 11% to $8.8 billion.

Dell Technologies also announced a new share repurchase program of up to $1 billion over the next 24 months, effective immediately.

Also Read: Trade Desk (TTD) tops Q4 2019 earnings and revenue targets; guides above view

On February 18, Dell sold its RSA security business to private equity firm Symphony Technology Group for $2.075 billion. This transaction is expected to close in the next six to nine months. 

Dell’s subsidiary VMware (NYSE: VMW) also reported its Q4 results today. VMware posted adjusted earnings of $2.05 per share on revenue of $3.07 billion. VMW stock was down about 5% in the extended trading hours.

Shares of Dell have retreated 18% in the last five trading days and 9% in the past 30 days.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

United Parcel Service (UPS) seems on track to regain lost strength

Cargo giant United Parcel Service, Inc. (NYSE: UPS) ended fiscal 2023 on a weak note, reporting lower revenues and profit for the fourth quarter. The company experienced a slowdown post-pandemic

IPO Alert: What to look for when Boundless Bio goes public

Boundless Bio is preparing to debut on the Nasdaq stock market this week, and become the latest addition to the list of biotech firms that have launched IPOs this year.

Nike (NKE) bets on innovation and partnerships to return to high growth

Sneaker giant Nike, Inc. (NYSE: NKE) has been going through a rough patch for some time, with sales coming under pressure from weak demand and rising competition. Post-pandemic, the company

Comments

  1. Pingback: MFT Token
  2. Pingback: kaiku
  3. Pingback: cz bren 2 for sale
  4. Pingback: Herbal Incense
  5. Pingback: masturbation tips
  6. Pingback: cupcake packaging
  7. Pingback: Glock 48 for sale
  8. Pingback: canadian business
  9. Pingback: Real krt
  10. Pingback: CZ P01 FOR SALE
  11. Pingback: ps5 on sale
  12. Pingback: Nanaimo
  13. Pingback: holandalucia
  14. Pingback: Google
  15. Pingback: scrap car pick up
  16. Pingback: listen here
  17. Pingback: shrooms chocolate
  18. Pingback: Watermelon haupia
  19. Pingback: Watermelon haupia
  20. Pingback: Bubble hash
  21. Pingback: Moroccan hash
  22. Pingback: Litto
  23. Pingback: Bubble hash
  24. Pingback: 2exclusively
  25. Pingback: University of Embu
  26. Pingback: madridbet
  27. Pingback: madridbet
  28. Pingback: must courses
  29. Pingback: madridbet
  30. Pingback: MUT
  31. Pingback: grandpashabet
  32. Pingback: MUT
  33. Pingback: madridbet
  34. Pingback: Meritking
  35. Pingback: kahve oyun
  36. Pingback: ABCD 1
  37. Pingback: 123movies
  38. Pingback: slots casino
  39. Pingback: mpo01 slot
  40. Pingback: aspen car service
  41. Pingback: carter capner law
  42. Pingback: qqmegawin77
  43. Pingback: gox login
  44. Pingback: 헐크티비
  45. Pingback: hktv25.com
  46. Pingback: sbac test practice
  47. Pingback: rush dresses 2022
  48. Pingback: linuxappfinder
  49. Pingback: kayack tour
  50. Pingback: aplikasi judi slot
  51. Pingback: netflix age rating
  52. Pingback: best free crm
  53. Pingback: eljoystick
  54. Pingback: idn poker
  55. Pingback: f1 ferrari sainz
  56. Pingback: poker online
  57. Pingback: joystick price
  58. Pingback: poker idn
  59. Pingback: agencuan rtp
  60. Pingback: live rtp slot
  61. Pingback: HaanGlas VIG
  62. Pingback: pg slot
  63. Pingback: SuperSEOT
  64. Pingback: slot gacor 777
  65. Pingback: indobet slot
  66. Pingback: 토토
  67. Pingback: healthinsurance
  68. Pingback: passiverfidtags
  69. Pingback: slot gacor
  70. Pingback: bigsloto
  71. Pingback: gacor131
  72. Pingback: free casino games
  73. Pingback: Glucotrust
  74. Pingback: sbobet app
  75. Pingback: time slot meaning
  76. Pingback: slot synonyms
  77. Pingback: slot gacor 88
  78. Pingback: amzmodapk
  79. Pingback: free demo slots no download
  80. Pingback: loctite 435
  81. Pingback: plug and play game
  82. Pingback: porn
  83. Pingback: cusat web page
  84. Pingback: masters winners
  85. Pingback: slots online free
  86. Pingback: yono business sbi
  87. Pingback: meritking
  88. Pingback: resin liquid price
  89. Pingback: 해외선물이란
  90. Pingback: vn88top
  91. Pingback: codashop india
  92. Pingback: Masters Programmes
  93. Pingback: PhD programmes
  94. Pingback: Masters Programmes
  95. Pingback: duplichecker
  96. Pingback: Commitment
  97. Pingback: MSc in pharmacy
  98. Pingback: Economics
  99. Pingback: meritking
  100. Pingback: fue contact
  101. Pingback: meritking
  102. Pingback: Gum Disease
  103. Pingback: meritking
  104. Pingback: meritking
  105. Pingback: grandpashabet
  106. Pingback: izmir escort
  107. Pingback: child porn
  108. Pingback: fuck google
  109. Pingback: xxlargeseodigi
  110. Pingback: fuck google
  111. Pingback: Fiverr Earn
  112. Pingback: Fiverr Earn
  113. Pingback: Fiverr Earn
  114. Pingback: Fiverr Earn
  115. Pingback: bağcılar escort
  116. Pingback: fiverrearn.com
  117. Pingback: fiverrearn.com
  118. Pingback: ikaria juice
  119. Pingback: porn
  120. Pingback: fiverrearn.com
  121. Pingback: cavapoo
  122. Pingback: fuck google
  123. Pingback: weather new hope
  124. Pingback: future university
  125. Pingback: porn
  126. Pingback: bulldogs puppy
  127. Pingback: Fiverr
  128. Pingback: grey bulldog
  129. Pingback: fue
  130. Pingback: lean manufacturing
  131. Pingback: Piano restorations
  132. Pingback: Smkn 1 kg review
  133. Pingback: kepala sekolah smk 1 takengon
  134. Pingback: FUE
  135. Pingback: proses penyerbukan
  136. Pingback: Furniture handling
  137. Pingback: Discreet moving
  138. Pingback: elegi esok pagi artinya
  139. Pingback: Classic Books 500
  140. Pingback: Fiverr
  141. Pingback: Fiverr
  142. Pingback: FiverrEarn
  143. Pingback: Streamer
  144. Pingback: FiverrEarn
  145. Pingback: partners
  146. Pingback: menorescue
  147. Pingback: pineal xt reviews
  148. Pingback: izmir travesti
  149. Pingback: collagenius
  150. Pingback: french bulldog
  151. Pingback: FiverrEarn
  152. Pingback: FiverrEarn
  153. Pingback: live sex cams
  154. Pingback: live sex cams
  155. Pingback: live sex cams
  156. Pingback: FiverrEarn
  157. Pingback: porn
  158. Pingback: maraş escort
  159. Pingback: kartal escort
  160. Pingback: FiverrEarn
  161. Pingback: FiverrEarn
  162. Pingback: FiverrEarn
  163. Pingback: FiverrEarn
  164. Pingback: FiverrEarn
  165. Pingback: FiverrEarn
  166. Pingback: FiverrEarn
  167. Pingback: website builder
  168. Pingback: Slot Online
  169. Pingback: Kuliah Termurah
  170. Pingback: hd porno izle
  171. Pingback: datça escort
  172. Pingback: sikiş
  173. Pingback: yasam ayavefe
  174. Pingback: kralbet
  175. Pingback: cheap sex cams
  176. Pingback: fullersears.com
  177. Pingback: french bulldog
  178. Pingback: grandpashabet
  179. Pingback: live sex cams
  180. Pingback: live sex cams
  181. Pingback: grandpashabet
  182. Pingback: frt trigger
  183. Pingback: grandpashabet
  184. Pingback: 늑대닷컴
  185. Pingback: Bonus reload
  186. Pingback: nangs sydney
  187. Pingback: superslot
  188. Pingback: allgame
  189. Pingback: 918kiss
  190. Pingback: หวย24
  191. Pingback: Best sunscreen
  192. Pingback: pg slot
  193. Pingback: child porn
  194. Pingback: AI Lawyer
  195. Pingback: Raahe Guide
  196. Pingback: Raahe Guide
  197. Pingback: 3 408 cheytac
  198. Pingback: nang tanks
  199. Pingback: itsMasum.Com
  200. Pingback: Plombier Tours
  201. Pingback: website
  202. Pingback: url

Comments are closed.

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top