Dell Shares Climb as Corporate Sales Give Company Edge Over HP |
| Bloomberg - May 18, 2011 |
Dell Inc. rose as much as 6.7 percent after its profit topped analysts’ estimates, marking the second straight quarter that the company’s results outshined those of rival Hewlett-Packard Co.
Net income surged to $945 million, or 49 cents a share, from $341 million, or 17 cents, a year earlier, Dell said yesterday. Excluding certain costs, earnings were 55 cents in the period, which ended April 29. Analystsestimated 43 cents on average, according to data compiled by Bloomberg.
Dell’s emphasis on business customers, bolstered by an expansion into corporate data centers, is helping it withstand a slump in consumer demand. A slowdown in home-computer sales has roiled industry leader Hewlett-Packard, which cut its annual sales forecast earlier yesterday. While Dell also saw its consumer revenue drop, the company said it was able to squeeze more profit out of each sale.
Read Full Article from Bloomberg
- Posted: 2011-05-18 10:34:37
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