Dell had something of a downbeat day Tuesday, ending regular trade down almost 1.3% ahead of its after-the-bell earnings release. (The wider market had a tough one today, taking its worst hit in 2 weeks.)
Dell shares were halted for about 20 minutes after the closing bell, before the company released results for its fiscal fourth quarter.
Revenue came in just shy of estimates, but profit more than doubled on strong corporate demand and improved gross margins.
Investors seemed to be focusing on the positive. Once trading resumed, Dell shares popped 6% higher in after-hours trade.
Dell earned 53 cents per quarter, easily beating Thomson Reuters’ consensus estimates of 37 cents. Revenue came in at $15.69 billion, a hair below analysts’ estimates. -Julianne