Dell announces earnings early. EPS $1.31 versus $0.85 expected

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Dell announces earnings early. EPS $1.31 versus $0.85 expected

Dell was expected to announce their earnings after the close. However the stock has been halted and the earnings have been released early.

• EPS came in at $1.31 versus $0.85 expected
• Revenues were at $20.9 billion versus $20.1 billion expected

Dell shares were trading at $45.33 up $0.52 or 1.16% before the stock was halted. It is now open and trading up $2.00 or 4.42% at $46.81

After the close Broadcom will announce earnings:

• Broadcom is expected to see adjusted earnings rise by 11.1% from the previous year to $10.08 per share.
• Sales are projected to increase by 7.5% to reach $8.71 billion.

The company has experienced an increased demand for AI-related chips from its hyper-scale customers, reflecting the growing importance of this technology in global capital spending plans.  Investors will likely pay close attention to CEO Hock Tan's second-quarter forecast and his commentary on the chip sector. 

Broadcom shares are trading lower ahead of the release by $8.46 or -1.05% at $799.50

So far this year, the stock has risen 43.05%.

                This article was written by Greg Michalowski at www.forexlive.com.

Source: Dell announces earnings early. EPS $1.31 versus $0.85 expected

forexlive.com