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Dell Stock Rises On Q3 Sales, Earnings Beat


Computer maker Dell Technologies (DELL) late Monday beat Wall Street’s targets for its fiscal third quarter thanks to strong sales of servers and other enterprise hardware. Dell stock rose in extended trading.




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The Round Rock, Texas-based company earned an adjusted $2.30 a share on sales of $24.72 billion in the quarter ended Oct. 28. Analysts polled by FactSet had predicted Dell earnings of $1.60 a share on sales of $24.37 billion. In the year-earlier period, Dell earned $2.37 a share on sales of $28.4 billion.

In after-hours trading on the stock market today, Dell stock jumped 7.1% to 44. During the regular session Monday, Dell stock fell 2.3% to close at 41.07.

Earnings report details to follow.

Dell Stock Has Mediocre Composite Rating

Dell stock ranks third out of 13 stocks in IBD’s computer hardware and peripherals industry group, according to IBD Stock Checkup. But it has a lackluster IBD Composite Rating of 55 out of 99.

IBD’s Composite Rating is a blend of key fundamental and technical metrics to help investors gauge a stock’s strengths. The best growth stocks have a Composite Rating of 90 or better.

Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.

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