Dell (DELL) Shares Down 7% on Q4 EPS Miss
Dell Technologies (NYSE: DELL) shares were trading around 7% lower after-hours following the company’s disappointing Q4 results, with EPS coming in at $1.72, missing the consensus estimate of $1.94.
Revenue grew 26% year-over-year to $28 billion, compared to the consensus estimate of $27.5 billion. The company achieved a record full-year revenue of $101.2 billion (up 17%), driven by continued growth across all business units and record PC shipments.
Client Solutions Group revenue in Q4 came in at $17.3 billion, up 26% year-over-year, and Infrastructure Solutions Group revenue at $9.2 billion, up 3% year-over-year.