Home From the Wires Dell's profit plummets as it tries to go private

Dell's profit plummets as it tries to go private

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Wednesday, February 20, 2013

 

USA Today: Dell's fourth quarter report had net income down 31% which could ease its $24.4 billion buyout plans to return to private ownership.

The troubled PC maker reported fiscal fourth-quarter net income of $530 million on revenue that was down 11%, at $14.3 billion, from a year ago.

Wall Street was expecting Dell to report net income of $676.2 million on revenue of $14.1 billion. On that basis, Dell reported earnings of 30 cents per share, compared with the 39 cents forecast by a survey of estimates from Thomson Reuters.

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