Dell Shares Climb After Company Raises Full-Year Profit Outlook on AI Demand – DG Verifications & Stats

Dell shares climb after company raises full-year profit outlook on AI demand – DG Verifications & Stats

In this article DELL Follow your favorite stocksCREATE FREE ACCOUNTA Dell Technologies sign is seen in Round Rock, Texas, on June 2, 2023.Brandon Bell | Getty Images Shares of Dell Technologies rose on Thursday in extended trading after the company raised its full-year earnings forecast and issued a stronger-than-expected forecast for the current quarter. However, Dell’s adjusted earnings per share came up short versus LSEG estimates on in-line…

Dell Technologies continues to ride AI infrastructure wave with

By Larry DignanDell Technologies reported strong first quarter results and provided a solid outlook due to strong demand for AI infrastructure. The company reported first quarter earnings of $1.37 a share on revenue of $23.4 billion, up 5% from a year ago. Non-GAAP earnings were $1.55 a share. Dell was expected to report first quarter earnings of $1.69 a share on revenue of $23.2 billion. CFO Yvonne McGill noted that Dell's non-GAAP earnings gre…