Dell Inc. (Public, NASDAQ: DELL) and The Gap Inc. (NYSE:GPS) are in the red zone, despite good earnings

Dell Inc. loses support

In brief: Dell Inc. (Public, NASDAQ: DELL) quarterly profit exceeded analysts' forecasts. Gap quarterly profit rose by 2,6%. The stocks are volatile.

The third-largest PC maker Dell Inc. (Public, NASDAQ: DELL) reported an increase in net profit for the second quarter from $ 472 million, or 24 cents a share, to $ 545 million, or 28 cents a share. With the exception of a number of items, company’s profit totaled 32 cents per share at analysts’ average forecast of 30 cents per share.

Dell’s sales for the period under review increased by 22% to $ 15.5 billion. In addition, Gap retailer reports on 2.6% increase in net profit for the second quarter closing July 31 with $ 228 million, or 33 cents per share previous year to $ 234 million, or 36 cents per share, while analysts expected an average profit of 35 cents per share. Sales for the period increased by 2,2% to $ 3.32 billion. This favorable dynamics is attributed to reviving sales in Banana Republic and Old Navy networks, as well as to a significant improvement in online shop sales.

Igor Tringlers
2010-08-20 14:14, Economics.

News on: , , , , , , ,

Post a comment