EMC Corp. (EMC) Misses Q1 EPS by 2c

EMC Corp. (NYSE: EMC) reported Q1 EPS of $0.31, $0.02 worse than the analyst estimate of $0.33. Revenue for the quarter came in at $5.5 billion versus the consensus estimate of $5.64 billion.

Joe Tucci, EMC Chairman and CEO, said, "We had a solid first quarter, generally in-line with our expectations when adjusted for an excess of unfulfilled orders at the end of the quarter. The broad secular IT trends reshaping our industry continue playing out as we expected. Our investments in growth platforms are increasingly gaining momentum, and we are confident in the depth and breadth of our product portfolio."

Tucci added, "We continue to make progress on our combination with Dell. Integration planning has accelerated to ensure we begin at full speed upon closing, the leadership team has been established, and we've received the vast majority of anti-trust approvals required. We expect the transaction to happen on the original terms and within the originally announced timeframe."

For earnings history and earnings-related data on EMC Corp. (EMC) click here.

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