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Feb. 25, 2021, 5:19 p.m. EST

Dell Technologies' Q4 profit, sales rise

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By Claudia Assis

DELL

Shares of Dell Technologies Inc. /zigman2/quotes/203822527/composite DELL +1.40% rose more than 3% in the extended session Thursday after the tech company reported fourth-quarter profit and sales that were better than Wall Street expected. Dell said it earned $1.3 billion, or $1.57 a share, in the quarter, compared with $416 million, or 54 cents a share, in the year-ago quarter. Adjusted for one-time items, Dell earned $2.70 a share, compared with $2 a share a year ago. Revenue rose 9% to $26.1 billion, Dell said. Analysts polled by FactSet had expected Dell to report adjusted earnings of $2.14 a share on sales of $24.5 million. "This year's strong results are a testament to the flexibility of Dell Technologies' business model and the resilience of our team," Chief Financial Officer Tom Sweet said in a statement. Dell's full-year revenue rose 2% to $94.2 billion. The stock ended the regular trading day down 2.5%.

/zigman2/quotes/203822527/composite
US : U.S.: NYSE
$ 93.88
+1.30 +1.40%
Volume: 2.04M
April 9, 2021 4:00p
P/E Ratio
22.30
Dividend Yield
N/A
Market Cap
$70.61 billion
Rev. per Employee
$597,019
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