Thursday, February 18, 2010
QUICK HIT: Dell beats revenue by a BILLION, eps by a PENNY :(
Lordy. Dell reported a couple minutes ago. Shares are trading flat after hours, after a quick spike upwards.
Revenue came in a billion dollars ahead of expectations, and eps beat by only 1cent. In their defense, there ARE about 1.92billion shares to split that earnings amongst. But still, all that low margin revenue hurts...
On the plus side, Operating cash flow was huge, something that's always been a problem for Dell.
I'll be back with more later...
Posted by Brendan Wagner at 1:18 PM