BUSINESS/FINANCE NEWS
Setup News Ticker
   BUSINESS/FINANCE NEWS
Searching for 'earnings Higher'. (Return)

MarketWatch MarketPulseMay 28, 2020
Dell says COVID-19 helped sales in some sectors, stock jumps more than 7% after earnings
Dell Technologies Inc. said that the COVID-19 pandemic has boosted its business in certain sectors Thursday and showed off financial performance well beyond expectations, sending shares more than 7% higher in late trading. The tech company revealed first-quarter earnings of $182 million, or 19 cents a share, on revenue of $21.9 billion, roughly even with sales from a year before. After adjustments for stock-based compensation and other effects, the company reported earnings of $1.34 a share, down from $1.45 a share a year ago. Analysts on average expected adjusted earnings of 97 cents a share on sales of $20.75 billion. "Customers need essential technology now more than ever to put business continuity, remote working and learning plans into practice," Chief Operating Officer Jeff Clarke said in the announcement. "In Q1, we saw orders with banking and financial services, government, healthcare and life sciences customers up 15 to 20 percent - all to meet immediate needs of their customers, communities and patients." Dell stock closed a penny higher at $45.58, but then shot to more than $49 in after-hours trading following release of the results.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


TRENDING TAGS
Trumppostpones protests G7 Hong Kong
Coronaviruslatest updates Live protests pandemic
StocksCould Buffett Trouncing Berkshire Hathaway
ProtestsFloyd George death during Trump
ChinaHong Kong Trump media coronavirus
SpaceXlaunch astronauts NASA Space Crew
Pandemiccoronavirus amid during How Post-Pandemic
COVID-19cases Approves Brazil Use Pentagon
Updatescoronavirus Live protests G7 summit
Liveupdates coronavirus SpaceX protests launch

NEWS SOURCES
Top News (Business News)
Accounting Today
AdWeek News
Banking Business Review
Barron's This Week Magazine
Barron's Up and Down Wall Street Daily
Brad Ideas
Chicago Tribune Business News
CNBC Business
CNBC Economy
CNBC Finance
CNN/Money
CNN/Money Real Estate News
Dismal.com: Analysis
Dismal.com: Indicators
Enterprise Application News
Entrepreneur.com
Forbes Headlines
Forbes Social Media News
FT.com - China, Economy & Trade
FT.com - Financial Markets
FT.com - Hedge Funds
FT.com - Telecoms
FT.com - US
Google Business News
Google Market News
HBS Working Knowledge
Inc.com
INSEAD Knowledge
International Tax Review
Kiplinger
Knowledge@Wharton
L.S. Starrett News
MarketWatch
MarketWatch Breaking News
MarketWatch MarketPulse
McKinsey Quarterly
MSNBC.com: Business
Nielsen Trends
NonProfit Times
NPR Topics: Business
NYTimes Business
OpinionJournal.com
Private Equity Breaking News
Reuters Business
Reuters Company News
Reuters Money
SEC.gov Updates: News Digest
SHRM HR News
Tax Policy News
The Economist International News
The Motley Fool
USA Today Money
Wall Street Journal US Business
Wall Street Transcript
Washington Post Business
WSJ Asia
WSJ Europe
WSJ MoneyBeat
WSJ Opinion
WSJ US News
WSJ World Markets
Yahoo Business
  • CEOExpress
  • 1 Boston Place | Suite 2600
    Boston MA 02108
  • 617 482 1200
    617 299 8649 (fax)
  • Contact
  • As an Amazon Associate
    CEOExpress earns from
    qualifying purchases.

©1999-2020 CEOExpress Company LLC