{"id":32829,"date":"2012-08-22T04:01:00","date_gmt":"2012-08-22T04:01:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/dell-reports-q2-results-dell\/32717\/"},"modified":"2012-08-22T04:01:00","modified_gmt":"2012-08-22T04:01:00","slug":"dell-reports-q2-results-dell","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dell-reports-q2-results-dell\/32829\/","title":{"rendered":"Dell Reports Q2 Results (DELL)"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p>Shares of Dell Inc (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=DELL\" target=\"_blank\" rel=\"noopener\">NASDAQ:DELL<\/a>) fell 4.54% in aftermarket trading on Tuesday as personal computer maker reported weaker-than-expected quarterly sales and cut its full-year earnings outlook.<\/p>\n<p><span id=\"more-32829\"><\/span><\/p>\n<p>For the fiscal second quarter, after excluding onetime expenses, earnings stood at 50 cents a share,<strong>\u00a0<\/strong>down from 54 cents a share in the year-earlier quarter.<\/p>\n<p>Net income came at $875 million, down 13% from $1.01 billion in the corresponding period of last year.<\/p>\n<p>Revenue contracted 8% to $14.48 billion from $15.66 billion in the year earlier period.<\/p>\n<p>Analysts polled by Thomson Reuters on an average expected earnings after excluding expenses at 45 cents on revenue of $14.64 billion.<\/p>\n<p>In the current quarter, the company expects revenue to shrink by 2% to 3% compared to year earlier quarter even as it trimmed its full-year earnings outlook to $1.70 a share \u2013which is below analysts\u2019 projection for $1.90 a share.<\/p>\n<p>While addressing the conference call, the company said lowered forecast was due to uncertain global macroeconomic environment. However, the company expects strong sales growth will continued from its enterprise business even as PCs market is expected to struggle.<\/p>\n<p>\u201cGrowth in our PC business was challenging, as we saw a tough macroeconomic and competitive environment, and continued to focus on higher-value solutions in this business,\u201d said Brian Gladden, Chief Financial Officer, in a statement.<\/p>\n<p>Meanwhile, the company has also decided slash more than $2 billion costs in following three years. The company intends to cut costs associated with supply chains, sales group in this period while it pay more attention to corporations technological requirements.<\/p>\n<p>Lately, the PC market has witnessed sharp fall in demand as more and more users are drifting towards Apple\u2019s iPad and smartphones.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<div class=\"nr_clear\"><\/div>\n<div id=\"nrelate_popular_2\" class=\"nrelate nrelate_popular nrelate_default nr_1col nr_text\"><\/div>\n<p>\t<!--[if IE 6]>\n\t\t<script type=\"text\/javascript\">jQuery('.nrelate_default').removeClass('nrelate_default');<\/script>\n\t<![endif]--><\/p>\n<p>\t<script type=\"text\/javascript\">\n\t\/* <![CDATA[ *\/\n\t\tnRelate.domain = \"www2.thestockmarketwatch.com%2Fstock-market-news\";\n\t\tvar entity_decoded_nr_mp_url = jQuery('<span\/>').html(\"https:\/\/web.archive.org\/web\/20120823204822\/http:\/\/api.nrelate.com\/mpw_wp\/0.51.2\/?tag=nrelate_popular&domain=www2.thestockmarketwatch.com%2Fstock-market-news&url=http%3A%2F%2Fwww2.thestockmarketwatch.com%2Fstock-market-news%2Fdell-reports-q2-results-dell%2F32829&nr_div_number=2&maxageposts=7200&increment=1\").text();\n\t\tnRelate.getNrelatePosts(entity_decoded_nr_mp_url);\n\t\/* ]]&gt; *\/\n\t<\/script>\n\n\n<div class=\"nr_clear\"><\/div>\n\n\n\n\n<!-- AddThis Button BEGIN -->\n\n\n<div class=\"addthis_toolbox addthis_default_style addthis_32x32_style\">\n<a class=\"addthis_button_preferred_1\"><\/a>\n<a class=\"addthis_button_preferred_2\"><\/a>\n<a class=\"addthis_button_preferred_3\"><\/a>\n<a class=\"addthis_button_preferred_4\"><\/a>\n<a class=\"addthis_button_compact\"><\/a>\n<a class=\"addthis_counter addthis_bubble_style\"><\/a>\n<\/div>\n\n\n<script type=\"text\/javascript\">var addthis_config = {\"data_track_addressbar\":true};<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/s7.addthis.com\/js\/250\/addthis_widget.js#pubid=pennystocksfinder\"><\/script>\n<!-- AddThis Button END -->\n\n\n\n\n<p>More Posts by this author<\/p>\n\n\n\n<ul>\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-end-sharply-lower-3\/32964\">\nStocks End Sharply Lower<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-climb-on-easing-hopes-silver-prices-also-surge\/32963\">\nGold Prices Climb on Easing Hopes; Silver Prices also Surge<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-headed-for-a-lower-finish-39\/32961\">\nStocks Headed for a Lower Finish<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-sharply-lower-in-mid-day-trading-3\/32958\">\nStocks Sharply Lower in Mid-Day Trading<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/u-s-stocks-edge-lower-2\/32955\">\nU.S. Stocks Edge Lower<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/hormel-foods-corporation-hrl-had-an-excellent-quarter\/32939\">\nHormel Foods Corporation &#8211; HRL &#8211; Had an excellent quarter<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/1-800-flowers-com-flws-reports-continued-positive-trends-in-revenues-ebitda-and-eps\/32941\">\n1-800-FLOWERS.COM &#8211; FLWS &#8211; Reports Continued Positive Trends in Revenues, EBITDA and EPS<\/a><\/li>\n\n\n\n<\/ul>\n\n\n\n\n\n\n<hr>\n\n\n\n\n\n<table style=\"border:none;margin:0;\">\n\n\n<tr>\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20120823204822im_\/http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/userphoto\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n\n\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n\n\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n\n\n\n\n<div style=\"font-size:10pt;\">\n\nEd Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/div>\n\n\n<\/td>\n\n<\/tr>\n\n<\/table>\n\n\n\n\n\n\n<script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script>\n\n\t\t\t\t\t\t\n\n\t\n\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Dell Inc (NASDAQ:DELL) fell 4.54% in aftermarket trading on Tuesday as personal computer maker reported weaker-than-expected quarterly sales 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