Dell Raises Earnings Expectations
Computer maker predicts Q2 sales will be $100 million higher than previously forecast.Dell Computer Corp. on Thursday raised its earnings forecast for the second quarter, predicting sales would total $100 million higher than its earlier forecast, due largely to the companys growing market share amid otherwise weak sales. Dells optimistic outlook for its current fiscal quarter, which ends Aug. 2, stands in contrast to recently lowered projections from other leading high-tech companies, including IBM, Apple Computer Inc., Intel Corp. and Advanced Micro Devices Inc.
After the markets closed Thursday, Dell, based in Round Rock, Texas, issued a revised forecast calling for second-quarter revenue of $8.3 billion, up about 9 percent from last year, and earnings of 19 cents per share, excluding one-time charges, or 1 cent higher than previous projections. For the same quarter last year, Dell reported a 4-cent-per-share loss.