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Broadcom (AVGO) and Dell Technologies (DELL) are two notable technology companies that were able to beat earnings expectations last week. Both companies are also trending names in the landscape of artificial intelligence which has continued to gain steam.
In the case of CrowdStrike in May, I can't point to a business reason to explain why it was up so much. Now, CrowdStrike did technically deliver news related to its business fundamentals in May -- on May 31, it reported financial results for its fiscal 2024 first quarter, which ended April 30. The cases of CrowdStrike and SentinelOne are instructive in this regard.
By Louis Juricic and Sarina Isaacs
The company ended the week in style, with a clutch of pundits getting notably more bullish on its prospects.
Dell Technologies' (DELL) first-quarter fiscal 2024 results continue to reflect sluggish PC demand, hurting Client Solutions Group business.
Investing.com -- Dell Technologies (NYSE:DELL) reported Thursday better-than-expected first-quarter results, though performance was held back by a challenging economic backdrop as PC demand weakness persists.
While the top- and bottom-line numbers for Dell Technologies (DELL) give a sense of how the business performed in the quarter ended April 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
The PC market might be in a long-tail slump, but that didn't seem overly concerning to Dell Technologies (NYSE: DELL) investors on Thursday. Following the release of the storied computer hardware retailer's latest quarterly results Thursday, market players bid up the stock by 1.5%. Dell reported its first-quarter results of fiscal 2024, revealing that it earned revenue of $20.9 billion.
Full storyDell Technologies (NYSE: DELL) announces financial results for its fiscal 2024 first quarter. Revenue was $20.9 billion, down 20%. The company generated operating income of $1.1 billion and non-GAAP operating income of $1.6 billion, down 31% and 25%, respectively. Diluted earnings per share was $0.79, and non-GAAP diluted earnings per share was $1.31, down 42% and 29%, respectively. Cash flow from operations was $1.8 billion.
C3.ai, Inc. (AI) delivered earnings and revenue surprises of 23.53% and 0.12%, respectively, for the quarter ended April 2023. Do the numbers hold clues to what lies ahead for the stock?
Shares of semiconductor giants Advanced Micro Devices (NASDAQ: AMD), Taiwan Semiconductor Manufacturing (NYSE: TSM), and Dell Technologies (NYSE: DELL) were all falling on Wednesday, down 5.2%, 3.7%, and 5.3%, respectively, as of 3:42 p.m. ET. None of these three companies had any company-specific news today, but one -- or actually, two -- of their main rivals reported earnings last night, casting a pall over any chip stock leveraged to the PC or server markets. Yesterday, both HP Inc. (NYSE: HPQ) and Hewlett Packard Enterprise (NYSE: HPE) reported earnings that disappointed.
Dell Technologies' (DELL) first-quarter fiscal 2024 performance is expected to have suffered from a sluggish PC market and unfavorable forex.
SAIC (SAIC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Looking ahead to next week's earnings lineup, a few artificial intelligence (AI) focused companies are set to release their quarterly reports.
Dell Technologies (DELL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Dell Technologies (NYSE: DELL) announces that Sam Burd, president of Client Solutions Group, will present in a fireside chat at the following conference:
DELL TECHNOLOGIES WORLD --
Key Insights Using the 2 Stage Free Cash Flow to Equity, Dell Technologies fair value estimate is US$51.72 Dell...
DELL TECHNOLOGIES WORLD --
Dell Technologies (NYSE: DELL) will conduct a conference call Thursday, June 1, 2023, at 3:30 p.m. CDT to discuss its fiscal 2024 first quarter financial results. The conference will be available to the public as a live, audio-only webcast on Dell Technologies' website at investors.delltechnologies.com; an archived version will be available at the same location.
Buffett stays keen on tech titan HP.
SoundHound AI, Inc. (SOUN) delivered earnings and revenue surprises of 0% and 2.55%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
Dell Technologies Storage Software Innovations Bolster Cyber Resilience and Advance IT Efficiency