Dell warns results below forecasts

Iria · Jul 21, 2006, 03:19 PM

Source: Yahoo! News
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NEW YORK (Reuters) - Dell Inc. on Friday warned that second-quarter profit would fall well below forecasts and revenue would also disappoint, blaming "aggressive pricing" in a slowing commercial market.

Shares of the computer maker fell more than 10 percent in premarket trade after it issued an outlook calling for earnings per share of 21 cents to 23 cents and revenue of about $14 billion for the quarter.

Analysts polled by Reuters had forecast, on average, 32 cents a share on revenue of $14.2 billion.

Jul 21, 2006, 03:19 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 87	Dell warns results below forecasts Source: Yahoo! News __________ NEW YORK (Reuters) - Dell Inc. on Friday warned that second-quarter profit would fall well below forecasts and revenue would also disappoint, blaming "aggressive pricing" in a slowing commercial market. Shares of the computer maker fell more than 10 percent in premarket trade after it issued an outlook calling for earnings per share of 21 cents to 23 cents and revenue of about $14 billion for the quarter. Analysts polled by Reuters had forecast, on average, 32 cents a share on revenue of $14.2 billion.