Dell Inc. (DELL) Profit Plunges
Dell Inc., which is the subject of a federal probe into its finances, said Thursday that fourth-quarter profits plunged 33 percent due to weak sales of laptops and notebooks, which account for the lion's share of its revenues.
Dell said it earned $673 million, or 30 cents per share in the quarter ended Feb. 2, compared to $1.01 billion, or 43 cents per share a year earlier. Revenue fell 4 percent, to $14.4 billion.
Analysts had expected the PC maker to earn 29 cents per share in the most recent quarter, according to a survey by Thomson Financial. The company didn't provide year-ago figures in its release.
Dell said it earned $673 million, or 30 cents per share in the quarter ended Feb. 2, compared to $1.01 billion, or 43 cents per share a year earlier. Revenue fell 4 percent, to $14.4 billion.
Analysts had expected the PC maker to earn 29 cents per share in the most recent quarter, according to a survey by Thomson Financial. The company didn't provide year-ago figures in its release.
posted by Stock Administrator @ 7:46 PM
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