BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Dell sees a near 50% profit drop in latest quarter]]>http://www.bloggingstocks.com/2009/02/27/dell-sees-a-near-50-profit-drop-in-latest-quarter/http://www.bloggingstocks.com/2009/02/27/dell-sees-a-near-50-profit-drop-in-latest-quarter/http://www.bloggingstocks.com/2009/02/27/dell-sees-a-near-50-profit-drop-in-latest-quarter/#commentsFiled under: ,

Dell, Inc.'s (NASDAQ: DELL) latest latest quarterly results released after the bell Thursday pretty much sucked. The second-largest computer manufacturer in the world saw net income drop by almost 50% as shipments dropped globally and Dell continued to see huge challenges in the IT spending market. Dell did not even match its already-lowered expectations. It reported an EPS figure of 18 cents, quite below the expected 26 cents a share.

Net income also fell to $351 million from the year-ago quarterly figure of $679 million. Dell's CFO Brian Gladden indicated in the conference call to investors that a dramatic slowdown was seen in India and China, further exacerbating consumer and business spending reductions on its products in the U.S. Although the news was worse than expected for Dell's latest quarter, Gladden kept the call upbeat by constantly mentioning Dell's in-progress cost cuts, with even more to come.

Continue reading Dell sees a near 50% profit drop in latest quarter

Dell sees a near 50% profit drop in latest quarter originally appeared on BloggingStocks on Fri, 27 Feb 2009 08:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>DellDell quaterly resultsDell resultsDellQuaterlyResultsDellResultsinthenewsFri, 27 Feb 2009 08:00:00 EST