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 April 30, 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 May 21 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