Dell Technologies Inc beat Wall Street profit estimates on Thursday, helped by h...
) beat Wall Street profit estimates on Thursday, helped by higher demand for desktops, as well as a focus on more profitable contracts within its server unit in China, sending the company’s shares up 9% in extended trading.
That helped the company forecast full-year adjusted earnings per share in a range of $6.95 to $7.40, above analysts’ estimate of $6.42, according to IBES data from Refinitiv. Sales fell 7% in the company’s servers business to $8.6 billion, but operating income rose 4% to $1.05 billion. Dell is benefiting from an increase in sales of workstations to corporations and higher-end personal computers for gaming.
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