Dell reported a decline in earnings of 47 percent during its most recent quarter, causing it to miss already low expectations as the overall PC market continues to decline. The PC maker reported $475 million, or 27 cents per share, in net income, compared with the $893 million, or 49 cents per share, during the same time past year. Analysts expected earnings closer to 40 cents per share from the third quarter. Dell’s revenue fell 11 percent to $13.72 billion in the quarter, mostly due to declining PC sales.
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Dell Profits Halved as PC Sales Tide Ebbs
Posted by: Rachelle Dragani November 16, 2012 11:22 AMDell reported a decline in earnings of 47 percent during its most recent quarter, causing it to miss already low expectations as the overall PC market continues to decline. The PC maker reported $475 million, or 27 cents per share, in net income, compared with the $893 million, or 49 cents per share, during the same time past year. Analysts expected earnings closer to 40 cents per share from the third quarter. Dell’s revenue fell 11 percent to $13.72 billion in the quarter, mostly due to declining PC sales.