Dell quarterly net falls 17 pct, shares tumble
|
| Posted
:
Thu, 28 Aug 2008 20:15:23 GMT |
| Author
:
Reuters |
| Category
:
US (Business) |
| News Alerts by
Email ( click
here ) |
|
|
|
|
|
SAN FRANCISCO (Reuters) - Dell Inc reported a surprise 17 percent decline in quarterly profit on Thursday as the company suffered from tighter corporate spending in United States, sending its shares down 8 percent.Net income for the fiscal second quarter ended August 1 fell to $616 million, or 31 cents per diluted share, from the restated year-ago net income of $746 million, or 33 cents per diluted share.Revenue rose 11 percent to $16.43 billion.Dell shares tumbled to $23.20 in extended trade following the quarterly report, after closing down 42 cents at $25.21 on Nasdaq.(Reporting by Eric Auchard, editing by Richard Chang)
(c) Reuters 2008. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.
|
|
|
|
|
|
|
|
|
