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Dell crushes Wall Street's expectations again on strong PC sales


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Dell Technologies Inc. enjoyed another strong quarter as it beat expectations thanks to high demand for personal computers and other equipment that enables remote work.
The company reported its fiscal fourth-quarter financial results today, posting a profit before certain costs such as stock compensation of $2.70 per share on revenue of $26.11 billion, up 9% from the same quarter last year.
The results crushed Wall Street’s expectations. Analysts had forecast a profit of just $2.14 per share on revenue of $24.9 billion.
Dell, led by founder and Chief Executive Officer Michael Dell (pictured), is benefiting from the fact that more people are working and studying at home than ever before during the coronavirus pandemic, leading to much higher PC and laptop sales over the last year. ....

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