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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Return to Sender who wrote (83881)	8/30/2019 9:44:30 AM
From: Sam	1 Recommendation Recommended By Return to Sender Respond to of 95530

UPDATE 1-Dell beats profit estimates on higher desktop sales, shares surge Published Thu, Aug 29 2019 4:48 PM EDT Aug 29 (Reuters) - Dell Technologies Inc beat Wall Street profit estimates on Thursday boosted by a higher demand for its cloud services and personal computers, sending its shares up 6% in extended trading. The PC-maker returned to the stock market following a hiatus of six years in December last year after it bought back interest in software maker VMware, in which it currently holds an 81% stake. This allowed Dell to come back without the rigors of an initial public offering after it won backing from shareholders, including Carl Icahn. Dell reported a 6% jump in revenue in its client solutions business which makes desktop PCs, notebooks and tablets, and branded peripherals. Sales surged to $11.75 billion from $11.13 billion. Dell posted net income of $4.51 billion in the second quarter ended Aug. 2, compared with loss of $461 million a year earlier. Excluding items, the company earned $2.15 per share, above the average analyst estimate of $1.47 cents per share. Total revenue rose 2% to $23.37 billion. (Reporting by Neha Malara in Bengaluru; Editing by Maju Samuel and Shailesh Kuber) cnbc.com