Dell shares rose in extended trading on Thursday after issuing strong forecasts, despite missing earnings estimates on in-line revenue. The tech company reported adjusted earnings per share of $1.55, missing the estimate of $1.69. Revenue reached $23.38 billion, surpassing the expected $23.14 billion. Dell expects adjusted earnings of $2.25 per share and revenue between $28.5 billion and $29.5 billion for the current quarter. Both figures came in well above LSEG estimates. Company officials attributed its strong guidance to $7 billion in higher-margin AI systems expected to ship this quarter.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Dell shares rose in extended training on Thursday after issuing strong forecasts despite missing
00:06earnings estimates on in-line revenue.
00:08A tech company reported adjusted earnings per share of $1.55, missing the estimate of $1.69.
00:14Revenue reached $23.38 billion, surpassing the expected $23.14 billion.
00:19Dell expects adjusted earnings of $2.25 per share and revenue between $28.5 billion and
00:25$29.5 billion for the current quarter.
00:27Both figures came in well above LSEG estimates.
00:30Company officials attributed strong guidance to $7 billion in higher margin AI systems
00:35expected to ship this quarter.
00:36For all things money, visit Benzinga.com slash GSTV.