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Dell meets estimates
PC leader posts 24% 2Q earnings increase and 16% sales jump, raises 3Q sales guidance
August 14, 2003: 8:26 PM EDT

NEW YORK (CNN/Money) - Dell Computer, the world's largest PC manufacturer, Thursday reported a 24 percent increase in fiscal second-quarter earnings from a year ago.

The company posted net income of $621 million, or 24 cents a share, compared to $501 million, or 19 cents a share in the same period last year. This was in line with Wall Street analysts were expecting, according to First Call.

Dell also met analysts's sales target as well, with revenue of $9.8 billion, a 16 percent increase from last year. The company raised its sales guidance for the fiscal third quarter, saying that it expects revenue of $10.5 billion. The consensus was for $10.3 billion. Dell said earnings should come in at 26 cents a share, matching Wall Street estimates.

Shares of Dell (DELL: Research, Estimates) fell a penny to $13.30 in regular trading on the Nasdaq Thursday and slipped about 1 percent in after-hours trading according to Island ECN.  Top of page




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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.