Dell forecasts downbeat 4th-quarter revenue on PC weakness

Dell forecasts downbeat fourth-quarter revenue on PC weakness
Dell forecast fourth-quarter revenue below Wall Street expectations on Tuesday, weighed down by weaker demand for its traditional PCs and competition from rival server makers, sending its shares down more than 10% in extended trading.
Dell Stock Tumbles As Sales Miss Estimates Despite 'Robust' AI Opportunity
Dell Technologies stock tumbled late Tuesday after the tech hardware company reported mixed fiscal third quarter results. Dell said in a news release that it earned an adjusted $2.15 per share on sales of $24.
Dell Stock Slides After Revenue Falls Short of Estimates
Dell posted third-quarter revenue short of analysts’ expectations, sending shares lower after the closing bell Tuesday.
Dell's quarterly revenue misses estimates on PC weakness
Dell missed Wall Street expectations for third-quarter revenue on Tuesday, weighed down by weaker demand for its traditional PCs and stiff competition from rival server makers, sending its shares down more than 10% in extended trading.
Dell's third-quarter revenue misses on PC weakness
Despite booming demand for Dell's AI-optimized servers used to handle large AI workloads, its traditional PC segment has been facing stiff competition from rivals such as HP and weaker consumer spending amid an uncertain economy.
Dell forecasts downbeat Q4 revenue on weak PC demand, rival competition
Dell forecast fourth-quarter revenue between $24 billion and $25 billion, average analyst estimate is $25.57 billion, according to data compiled by LSEG

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