Dell Reports $101M 2Q Net Loss

Share this content:
Dell Computer Corp. lost $101 million, or 4 cents per share, in the second quarter, the company said last week. The loss included a pretax charge of $742 million for impairment of assets, the closure of facilities and job reductions.


In the same quarter last year, the computer seller had a net profit of $603 million, or 22 cents a share.


Excluding charges, Dell, Round Rock, TX, had a net profit of $433 million in the quarter that ended Aug. 3.


Analysts polled by Thomson Financial/First Call expected, on average, the company to post per-share earnings of 16 cents.


In a conference call, Dell executives predicted sales will be flat, or could drop 5 percent in the third quarter.


Loading links....
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

Since 1985, Melissa Data has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa Data offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

DMN's Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here