Dell easily surpasses analysts expectations .
EARNINGS REPORT HIGHLIGHTS
Dell Technology Inc. DELL,shares jumped 7% in the extended session Thursday after the IT powerhouse reported second-quarter results that beat Wall Street estimates. The Round Rock, Texas-based company rang up adjusted earnings of $2.15 a share. Revenue inched up 1% year-over-year to $23.45 billion. Analysts surveyed by FactSet had expected earnings of $1.50 a share on revenue of $23.3 billion. Dell shares are down 4% this year. The S&P 500 index SPX, +1.27% has gained 17% this year. SOURCE marketwatch
Average Recommendation: OVERWEIGHT
Average Target Price: $67.53
Short Interest 5%
Dell Technology Inc. DELL,shares jumped 7% in the extended session Thursday after the IT powerhouse reported second-quarter results that beat Wall Street estimates. The Round Rock, Texas-based company rang up adjusted earnings of $2.15 a share. Revenue inched up 1% year-over-year to $23.45 billion. Analysts surveyed by FactSet had expected earnings of $1.50 a share on revenue of $23.3 billion. Dell shares are down 4% this year. The S&P 500 index SPX, +1.27% has gained 17% this year. SOURCE marketwatch
Average Recommendation: OVERWEIGHT
Average Target Price: $67.53
Short Interest 5%
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