From Financial Modeling Prep: 2024-11-27 08:46:00

Dell Technologies (NYSE:DELL) shares dropped 12% in pre-market trading due to lower fourth-quarter revenue guidance. Q3 earnings beat expectations at $2.15 EPS, but revenue of $24.4 billion fell short of $24.69 billion estimates. Client solutions revenue declined 1%, while infrastructure solutions surged 34% on AI demand. Consumer revenue fell 18%.

Fourth-quarter revenue guidance of $24-25 billion missed analyst estimates of $25.57 billion. Weakness in key segments, particularly PCs, led to investor concerns and the significant drop in Dell’s stock price. Dell’s performance in Q3 was mixed, with earnings exceeding expectations but revenue falling short due to declining PC demand and rising competition.



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