Stock Market News
Dell Technologies Reports Mixed Q2 Results as Revenue Falls Short
2022.08.26 00:57
By Yasin Ebrahim
Investing.com — Dell Technologies reported Thursday mixed second-quarter results as earnings beat, but revenue just fell short of Wall Street estimates as
Dell Technologies (NYSE:DELL) was down 8% in afterhours trading following the report.
The company reported second-quarter adjusted EPS of $1.68 on revenue of $26.43 billion, compared with estimates for $1.64 per share and $26.61 billion, respectively.
Revenue was driven by a performance in the company’s client solutions group and infrastructure solutions group business, which grew revenue 9% to $15.5 billion year-on-year in Q2.
Consumer revenue, however, was down 9% to $3.3 billion.
