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

V Earnings: Key quarterly highlights from Visa’s Q1 2023 financial results

Visa Inc. (NYSE: V) reported first quarter 2023 earnings results today. Net revenues grew 12% year-over-year to $7.9 billion. GAAP net income rose 6% to $4.2 billion while EPS grew

Earnings: Highlights of Intel’s (INTC) Q4 2022 financial results

Intel Corporation (NASDAQ: INTC) Thursday reported a decline in adjusted earnings and revenues for the fourth quarter. The semiconductor giant also provided guidance for the first quarter of 2023. Fourth-quarter

McCormick (MKC) expects to drive sales growth in 2023 through pricing actions and cost savings

Shares of McCormick & Company Inc. (NYSE: MKC) were down over 5% on Thursday after the company missed expectations on its fourth quarter 2022 results and provided a lower-than-expected earnings

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

Comments are closed.

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