Dell Earnings Down 54 Percent

Dell reported its third-quarter earnings results Thursday, showing a small improvement over the last quarter, but revenue was down 15 percent over the last year, and profits fell 54 percent. The company reported revenue of $12.9 billion, within analysts’ expectations between $12.8 billion and $13.5 billion. Earnings were 17 cents per share, when excluding 6 cents of pretax expenses and amortization. That’s 54 percent off the 37 cents Dell recorded a year ago. Besides its acquisition of Perot Systems last month, there weren’t too many positive signs in the recently completed quarter. Shipments were also down 5 percent across its businesses.”

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