Dell names new enterprise chief as profit drops 18 percent

21.08.2012

Revenue for the quarter just ended was below what financial analysts had been expecting, according to a consensus estimate from Thomson Financial. Its earnings before one-time items beat the forecast, however, coming in at $0.50, compared with the analyst forecast of $0.45.

Dell's shares on the Nasdaq ended the trading day at $12.34, down 1.75 percent. In trading after hours, its shares slipped a further 4.5 percent to $11.78 at the time of this report.