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.

This is a 40 Under 40 Profile. Click here to see all profiles as well as previous year's winners.

Loading links....

Next Article in Multichannel Marketing

Sign up to our newsletters

Latest Jobs:

Featured Listings