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RE: LeoThread 2025-05-30 12:16

in LeoFinance4 months ago

Dell shares climb after company raises full-year profit outlook on AI demand

Dell Technologies reported fiscal first-quarter earnings that missed expectations, but offered a stronger-than-expected forecast for the current quarter.

Shares of Dell Technologies rose on Thursday in extended trading after the company raised its full-year earnings forecast and issued a stronger-than-expected forecast for the current quarter.

However, Dell's adjusted earnings per share came up short versus LSEG estimates on in-line revenue.

Here's how the computer maker did versus LSEG consensus estimates:

Earnings per share: $1.55 adjusted vs. $1.69 estimated
Revenue: $23.38 billion vs. $23.14 billion estimated

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Dell said it expects $2.25 in adjusted earnings per share for the current quarter, with between $28.5 billion and $29.5 billion in revenue. That was significantly higher than LSEG expectations.

Company officials attributed the strong guidance to $7 billion in artificial intelligence systems that are expected to ship during the quarter, which are higher-margin than other Dell systems.

For the full year, Dell still expects about $103 billion in revenue, in line with LSEG expectations, but it raised its forecast for full-year adjusted earnings to $9.40, which was a 10 cent increase from the company's prior outlook.