Shares of Dell (DELL) ended the trading week with large losses of over 7%. The global personal computer producer reported its third quarter results on Thursday after the close.
Third Quarter Results
Dell reported third quarter revenues of $13.72 billion, down 11% on the year. Revenues fell short of analysts expectations of $13.9 billion.
The company reported an operating income of $589 million on a GAAP basis. Net income on a GAAP basis fell 47% to $475 million, with diluted earnings per share coming in at $0.27.
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