Dell earnings down 31 percent in 4Q

February 19, 2013

(AP)—Dell Inc.'s net income fell 31 percent in the latest quarter as the company continued to be hurt by a shrinking PC market.

Dell's founder and CEO Michael Dell and a group of investors are buying the company for $24.4 billion with a plan to turn it around.

Dell posted net income of $530 million, or 30 cents per share, for its fiscal fourth quarter, which ended Feb. 1. That was down from $764 million, or 43 cents per share, in the quarter a year ago.

Excluding acquisition- and severance-related charges, earnings were 40 cents per share, beating by 1 cent the average forecast of analysts polled by FactSet.

Revenue was $14.3 billion, down 11 percent from a year ago. It beat analyst expectations at $14.1 billion.

Explore further: Dell profit jumps as computer maker cuts costs


Related Stories

Dell profit jumps as computer maker cuts costs

May 17, 2011

(AP) -- Dell Inc. said Tuesday that its net income for the latest quarter nearly tripled as the personal computer maker benefited from lower computer component costs and growth in some of its more profitable product lines.

Qualcomm 3Q results beat Wall Street estimates

July 20, 2011

(AP) -- Wireless chip-maker Qualcomm Inc.'s results for the latest quarter beat Wall Street's expectations, and its projections for the current quarter are also above analysts' estimates.

Dell's 2Q comes amid PC strife

August 12, 2011

(AP) -- Dell Inc.'s latest earnings come at a difficult time for the PC industry. Consumer demand is sagging, as tablets and smartphones steal market share. The Round Rock, Texas-based company's fiscal second quarter results, ...

CenturyLink 3Q net income falls as expenses rise

November 2, 2011

(AP) -- Phone company CenturyLink Inc. says its third-quarter net income fell as rising operating expenses related to its April acquisition of larger phone company Qwest overshadowed increased revenue.

Recommended for you

The ethics of robot love

November 25, 2015

There was to have been a conference in Malaysia last week called Love and Sex with Robots but it was cancelled. Malaysian police branded it "illegal" and "ridiculous". "There is nothing scientific about sex with robots," ...

Glider pilots aim for the stratosphere

November 20, 2015

Talk about serendipity. Einar Enevoldson was strolling past a scientist's office in 1991 when he noticed a freshly printed image tacked to the wall. He was thunderstruck; it showed faint particles in the sky that proved something ...


Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.