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Beleaguered Dell’s earnings plummet 23% as sales fall across all of its business areas

“Dell Inc. on Thursday reported a fiscal second-quarter profit that fell 23% from a year ago as sales fell across all of its business areas, and the computer giant also gave mixed signals about its outlook for the rest of the year,” Rex Crum reports for MarketWatch.

“Dell said it earned $472 million, or 24 cents a share, on revenue of $12.76 billion. During the same period a year ago, the computer-industry giant earned $616 million, or 31 cents a share, on $16.4 billion in sales,” Crum reports.

MacDailyNews Note: Beleaguered Dell sure works hard for its meager profits. Revenue of $12.76 billion to eke out only $472 million. Nice margins. A race to the botom will do that to you. FYI: last quarter, Apple earned $1.23 billion on revenue of $8.34 billion. In other words, 2/3rds the revenue to generate 3 times the profit.

Crum continues, “Dell’s release slipped out with out three minutes before the market closed, giving the company’s shares a boost of 98 cents, or 6.7%, to close at $15.65 a share. However, in after-hours trading, the stock was off about 1%.”

Full article here.

MacDailyNews Take: And a one, and a two, and a three: SIDAGTMBTTS!

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