24.11.2020 22:31:52

Dell Inc. Q3 adjusted earnings Beat Estimates

(RTTNews) - Dell Inc. (DELL) announced a profit for its third quarter that rose from the same period last year.

The company's profit totaled $832 million, or $1.08 per share. This compares with $499 million, or $0.66 per share, in last year's third quarter.

Excluding items, Dell Inc. reported adjusted earnings of $1.71 billion or $2.03 per share for the period.

Analysts had expected the company to earn $1.40 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.8% to $23.48 billion from $22.84 billion last year.

Dell Inc. earnings at a glance:

-Earnings (Q3): $1.71 Bln. vs. $1.45 Bln. last year. -EPS (Q3): $2.03 vs. $1.75 last year. -Analysts Estimate: $1.40 -Revenue (Q3): $23.48 Bln vs. $22.84 Bln last year.

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