Murky Outlook Costs Dell on Wall Street
Published November 30th, 2007
Wall Street gave Dell the smackdown early Friday, a day after the company issued a third-quarter report that showed solid revenue and earnings but acknowledged clouds on the horizon. The company’s shares took a nosedive largely because, despite reporting Q3 revenues that were up 9 percent year-over-year and operating income that was up 13 percent, Dell narrowly missed analysts’ earnings-per-share prediction. The skittishness was aggravated by comparisons to HP’s much stronger growth and Dell’s own forecast of factors that “may adversely impact the company’s performance” in the coming months.
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