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  • Writer's pictureRealFacts Editorial Team

Dell Stock Plummets On Earnings

Dell building

Late Thursday, after the trading day ended, Dell Technologies (DELL) reported earnings that met expectations and sales that exceeded forecasts. Despite these positive results, Dell's stock plummeted in after-hours trading, falling as much as 13% to $146. This decline added to the 5.2% drop seen during Thursday's regular trading session. Patrick Seitz, Investors Business Daily author reported, “The Round Rock, Texas-based company earned an adjusted $1.27 a share on sales of $22.24 billion in the quarter ended May 3. Analysts polled by FactSet had expected earnings of $1.27 a share on sales of $21.69 billion. In the year-earlier period, Dell earned an adjusted $1.31 a share on sales of $20.92 billion.” 

This report marks the first return to sales growth following six consecutive quarters of year-over-year declines. The stock's drop may be due to investors having already anticipated and priced in the positive earnings, with actual expectations of greater growth than what analysts estimated. Dell’s stock drop serves as a stark reminder to investors of the volatility that can occur with earnings reports, even when they meet analysts' expectations.


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