Workflow
Why Dell Technologies Stock Crashed 11% Today
DELLDell Technologies(DELL) The Motley Fool·2024-11-27 18:07

Dell Technologies (DELL -12.00%) stock tumbled 11% through 10:05 a.m. ET Wednesday after the company reported mixed earnings last night.Heading into the report, analysts forecast Dell would earn 2.06pershareinQ3.Dellbeatthatnumber,reportingproformaprofitsof2.06 per share in Q3. Dell beat that number, reporting pro forma profits of 2.15. However, the company's quarterly revenue fell short of expectations at 24.4billion,versusWallStreetsexpected24.4 billion, versus Wall Street's expected 24.7 billion. Dell Q3 earnings were a mixed bagSales still grew 10% year over year, however, led by the company's in ...