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ROUND ROCK, Texas (AP) – Dell Technologies Inc. (DELL) announced Thursday a net profit of $ 293 million in the first quarter of the fiscal year, after recording a loss for the same period of time. last year.
The company based in Round Rock, Texas, said its earnings per share was 39 cents a share. Earnings, adjusted for non-recurring gains and costs, amount to $ 1.45 per share.
The results have exceeded Wall Street's expectations. The average estimate of six analysts surveyed by Zacks Investment Research indicated earnings per share of $ 1.20.
The IT and technology service provider reported $ 21.91 billion in revenue during the period.
Dell Technologies shares have increased 36% since the beginning of the year. Thursday, in the last trading minutes, shares reached $ 66.37, a decrease of 18% over the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a report on Zacks' actions on DELL at https://www.zacks.com/ap/DELL.
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