Dell posts $501m profit in 2d quarter
By Globe Staff, 8/16/2002
$27.14-$0.09$30.52$16.01
Dell Computer Corp., the world's number two personal-computer maker, had a second-quarter profit of $501 million as it sold more PCs to consumers and gained market share in servers.
Net income in the quarter ended Aug. 2 was 19 cents a share, compared with a net loss of $101 million, or 4 cents, a year earlier. Dell had forecast sales for the period of $8.9 billion. Sales climbed 11 percent to $8.45 billion from $7.6 billion, the company said in a statement.
That was in line with the consensus estimate of analysts surveyed by Thomson First Call who had expected second-quarter earnings of 19 cents per share.
Revenue jumped as US consumers, students, and government customers bought more PCs, Dell said. The company has been stepping up advertising and offering incentives.
Third-quarter earnings will be 20 to 21 cents a share, Dell said. Analysts expected profit of 20 cents on sales of $8.56 billion, the average estimates in a Thomson First Call survey. (Bloomberg)
$24.00+$0.62$52.74$19.57
Analog Devices Inc., whose microchips convert analog and digital signals, said yesterday its fiscal third-quarter net income fell from a year ago, but revenue stabilized amid a gradual industry recovery. The Norwood company also said it would buy back as many as 15 million, or 4 percent, of its shares outstanding.
For the quarter ended Aug. 3, Analog Devices said net income fell to $31.4 million, or 8 cents a share, from $39.3 million, or 10 cents a share, a year ago. Revenue declined to $445.4 million from $479.9 million in the year ago period, but rose from $413.4 million in the second quarter.
Adjusting for $16.6 million for amortization of intangibles and other acquisition-related expenses and other charges of $16 million related to restructuring activities and assets, Analog Devices said, it would have earned 15 cents a share. On that basis, analysts had expected it on average to earn 15 cents a share, within a range of 13 to 16 cents, on revenue of $443.3 million, according to Thomson First Call. (Reuters)
|
Thread abonnieren
