Dell shares climb after earnings up 46%
Published August 31st, 2007
Dell Inc. (DELL, news, msgs) finally saw some positives in its second-quarter earnings report after a year of continual misfires, but analysts believe it’s too soon to tell if the computer maker can return to being an industry juggernaut.
In preliminary results posted Thursday, Dell said quarterly earnings jumped 46% on stronger sales of business products and services, improved average selling prices and lower component costs.
Dell earned $733 million, or 32 cents per share, in the three months ended Aug. 3 — topping analysts’ estimates and up from the $502 million, or 22 cents per share, Delll earned in the same period a year ago. Sales rose 4% to $14.8 billion.
Shortly after the market opened, the Dow Jones industrials were up 121 points at 13,360. The Standard & Poor’s 500 Index was up 17 points to 1,474, and the Nasdaq Composite Index was up 27 points at 2,592.
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