Investing.com - Dell Tech reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Dell Tech announced earnings per share of $1.34 on revenue of $21.95B. Analysts polled by Investing.com anticipated EPS of $0.99 on revenue of $20.66B. That with comparison to EPS of $1.45 on revenue of $21.99B in the same period a year before.Dell Tech had reported EPS of $2 on revenue of $24.13B in the previous quarter.Analysts are expecting EPS of $1.23 and revenue of $21.86B in the upcoming quarter.
Dell Tech shares are down 11% from the beginning of the year and are trading at $45.58 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% year to date.
Dell Tech follows other major Technology sector earnings this month
Dell Tech's report follows an earnings beat by Apple on Thursday, April 30, 2020, who reported EPS of $2.55 on revenue of $58.31B, compared to forecasts EPS of $2.24 on revenue of $54.78B.
NVIDIA had beat expectations on Thursday, May 21, 2020 with first quarter EPS of $1.8 on revenue of $3.08B, compared to forecast for EPS of $1.65 on revenue of $2.97B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar