“Dell Inc warned of a challenging second half and slashed its full-year earnings outlook as customers cut back on computer purchases ahead of the launch of Microsoft’s Windows 8 software, sending its shares down more than 4 percent,” Jim Finkle reports for Reuters.
MacDailyNews Take: Yeah, people are cutting back on Windows PC purchases ahead of Windows 8. Keep telling that to yourselves Windows PC assembler leeches/future roadkill.
“Dell – once the world’s top PC maker and a pioneer in computer supply chain management – is struggling to defend its market share against Asian rivals like Acer Inc and Lenovo, and the fast-growing adoption of tablets like Apple Inc’s iPad,” Finkle reports. “[Dell] on Tuesday forecast revenue would slide 2 percent to 5 percent in the fiscal third quarter from the second, to $13.8 billion to $14.2 billion. That lagged Wall Street’s target of $14.85 billion. It is predicting earnings per share of “at least” $1.70 for fiscal 2013, compared with a previous forecast for more than $2.13.”
“Dell reported fiscal second-quarter revenue of $14.5 billion, below the $14.64 billion analysts had expected on average, according to Thomson Reuters I/B/E/S,” Finkle reports. “It posted net income of $732 million or 42 cents a share in the fiscal second quarter, compared with $890 million or 48 cents a year earlier. Excluding certain items, it earned 50 cents a share, beating an average forecast for 45 cents.”
Read more in the full article here.
MacDailyNews Take: All together now!
[Thanks to MacDailyNews Reader “Dale E.” for the heads up.]
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