Dell Computer (Nasdaq: DELL) leapt past Wall Street’s expectations after the markets closed on Tuesday, reporting strong e-commerce sales and record earnings for the second quarter of 1999. Net income rose to $507 million (US$), a 47 percent increase over the $346 million reported for the second quarter of 1998. Revenues grew to $6.142 billion, a 42 percent increase over the $4.331 billion reported a year ago. Dell’s earnings per share of 19 cents were two cents better than the consensus estimate of analysts.
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E-Commerce Sales Power Dell’s Solid Quarter
Posted by: Andy Wang August 18, 1999 12:00 AMDell Computer (Nasdaq: DELL) leapt past Wall Street’s expectations after the markets closed on Tuesday, reporting strong e-commerce sales and record earnings for the second quarter of 1999. Net income rose to $507 million (US$), a 47 percent increase over the $346 million reported for the second quarter of 1998. Revenues grew to $6.142 billion, a 42 percent increase over the $4.331 billion reported a year ago. Dell’s earnings per share of 19 cents were two cents better than the consensus estimate of analysts.