DELL (Dell.US) fell nearly 10% after fiscal 2022 Q4 net income narrowed sharply from a year earlier

2022-06-08 0 By

Shares of DELL (Dell.us) were down nearly 10% at $50.365 as of press time on Friday, Feb. 25.The company’s Q4 net profit for fiscal 2022 narrowed significantly to just $2 million year-over-year, well below expectations.Total net revenue for the three months ended Jan. 28 was $27.992 billion, beating analysts’ consensus estimate of $27.5 billion and up 16% from a year earlier.Net income attributable to Dell was $2 million, compared with $1.227 billion a year earlier;Diluted loss per share from continuing operations was $0.04, compared to earnings per share of $0.90 a year ago.This article is from Zhitong Financial network