Dell beats profit estimates on higher desktop sales

Shares rise 9%

Dell Technologies Inc (DELL.N) beat Wall Street profit estimates on Thursday, helped by higher demand for desktops, as well as a focus on more profitable contracts within its server unit in China, sending the company’s shares up 9% in extended trading.

The PC maker is seeing declining demand across industries in China amid an escalating Sino-U.S. trade war, but the company’s focus on selective large deals in the Asian country helped it earn “higher-margin dollars” in a slow market.

That helped the company forecast full-year adjusted earnings per share in a range of $6.95 to $7.40, above analysts’ estimate of $6.42, according to IBES data from Refinitiv.

https://www.reuters.com/

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