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Dell Stock Is Falling After Management Cut Forecast for Revenue

Profits were better than expected, but revenues were slightly below Wall Street’s projections. Dell also reduced its full-year forecast for revenue, due in part to tight supplies of Intel microprocessors. For the quarter ended Nov. 1, the personal-computer and enterprise-technology company (ticker: DELL) posted revenue of $22.8 billion, up 2% year over year, but slightly below the Wall Street consensus forecast of $23.04 billion. Read More...

Profits were better than expected, but revenues were slightly below Wall Street’s projections. Dell also reduced its full-year forecast for revenue, due in part to tight supplies of Intel microprocessors. For the quarter ended Nov. 1, the personal-computer and enterprise-technology company (ticker: DELL) posted revenue of $22.8 billion, up 2% year over year, but slightly below the Wall Street consensus forecast of $23.04 billion.

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