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Feb. 27, 2020, 4:40 p.m. EST

Dell stock declines after in-line earnings

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By Wallace Witkowski

DELL

Dell Technologies Inc. /zigman2/quotes/203822527/composite DELL -8.91% shares declined in the extended session Thursday after the tech company's earnings were in-line with Street expectations. Dell shares declined 3.6% after hours, following a 5.2% drop in the regular session to close at $43.56. The company reported fourth-quarter net income of $408 million, or 54 cents a share, compared with a loss of $299 million in the year-ago period. Adjusted earnings were $2 a share. Revenue rose to $24.03 billion from $23.84 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of $2 a share on revenue of $23.92 billion.

/zigman2/quotes/203822527/composite
US : U.S.: NYSE
$ 38.75
-3.79 -8.91%
Volume: 3.20M
March 27, 2020 6:30p
P/E Ratio
6.42
Dividend Yield
N/A
Market Cap
$28.96 billion
Rev. per Employee
$624,972
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