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Dell shares soar 20% after beating earnings expectations, cites rising demand for AI servers

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A Dell Technologies flag outside the company headquarters in Round Rock, Texas, Feb. 6, 2023.

Jordan Vonderhaar | Bloomberg | Getty Images

Shares of Dell Technologies popped more than 18% in extended trading Thursday after the company released fourth-quarter results that beat analysts’ estimates on top and bottom lines.

Here’s how the company did:

  • Earnings per share: $2.20 adjusted vs. $1.73 expected by LSEG, formerly known as Refinitiv
  • Revenue: $22.32 billion vs. $22.16 billion expected by LSEG

Dell’s revenue for the fourth quarter fell 11% from $25.04 billion in the year ago quarter.

This is breaking news. Please check back for updates.

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Source: CNBC

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