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Get to Know Africa > Private: Blog > World News > Dell shares soar 20% after beating earnings expectations, cites rising demand for AI servers
World News

Dell shares soar 20% after beating earnings expectations, cites rising demand for AI servers

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Last updated: 2024/02/29 at 9:39 PM
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Dell shares soar 20% after beating earnings expectations, cites rising demand for AI servers
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Matthew Busch | Bloomberg | Getty Pictures

Shares of Dell Applied sciences popped greater than 18% in prolonged buying and selling Thursday after the corporate launched fourth-quarter outcomes that beat analysts’ estimates on prime and backside strains.

This is how the corporate did:

  • Earnings per share: $2.20 adjusted vs. $1.73 anticipated by LSEG, previously often known as Refinitiv
  • Income: $22.32 billion vs. $22.16 billion anticipated by LSEG

Dell’s income for the fourth quarter fell 11% from $25.04 billion within the 12 months in the past quarter. The corporate reported a web earnings $1.16 billion, up 89% from the $614 million it posted in the identical interval final 12 months.

That is breaking information. Please examine again for updates.

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Get to Know Africa February 29, 2024
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