Dell Technologies Inc reports results for the quarter ended July 31 - Earnings Summary

• Dell Technologies Inc DELL.N reported quarterly adjusted earnings of $2.32​​ per share for the quarter ended July 31, higher than the same quarter last year, when the company reported EPS of $1.89. The mean expectation of eighteen analysts for the quarter was for earnings of $2.30 per share. Wall Street expected results to range from $2.22 to $2.55 per share.

• Revenue rose 19% to $29.78 billion from a year ago; analysts expected $29.17 billion.

• Dell Technologies Inc's reported EPS for the quarter was $1.70​.

• The company reported quarterly net income of $1.16 billion.

• Dell Technologies Inc shares had risen by 8.1% this quarter and gained 15.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 7.3% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the computer hardware peer group is also "buy"

• Wall Street's median 12-month price target for Dell Technologies Inc is $144.50, about 7.2% above its last closing price of $134.05

This summary was machine generated from LSEG data August 28 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)