El, victor, and All, now that DELL only met expectations what do
you think this means for CPQ tomorrow?
/Piotr
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DALLAS (AP) - First-quarter profits for Dell Computer Corp. (Nasdaq:DELL - news), the nation's largest direct seller of computers, increased 42 percent
on an expected rise in sales, meeting analysts' expectations.
Dell said Tuesday it earned $434 million, or 16 cents per diluted share, in the quarter ended April 30, up from $305 million, or 11 cents per diluted share in the same period
last year.
The profits met analysts' expectations, according to a survey by First Call Corp.
Dell made its announcement after the close of the Nasdaq Stock Market, where shares rose 811/4 cents to $44.061/4. In after-hours trading, the shares fell to $41.871/2.
The drop in stock price was likely due to Dell's meeting expectations, instead of exceeding them, one analyst said.
''That's not like Dell,'' said Cody Acree, who follows the computer seller for Southwest Securities.
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