Arab Today, arab today dell shares slump after sales growth cut
Last Updated : GMT 15:56:52
Arab Today, arab today
Arab Today, arab today

Dell shares slump after sales growth cut

Arab Today, arab today

Arab Today, arab today Dell shares slump after sales growth cut

London - Arabstoday

Shares in Dell have fallen 9.3% after the PC-maker slashed its sales growth forecast late on Tuesday, blaming a \"more uncertain demand environment\".Rival firm Hewlett Packard also fell some 4.2% by midday in New York in what was otherwise an upbeat market.Dell said it now only expected revenues to rise 1%-5%, down from 5%-9% before.This was despite the firm posting net income for the second quarter of $890m (£537m), with net income rising a faster-than-expected 60%. The increased profits were due in part to Dell\'s expansion into higher margin businesses, like servers, data storage and computer services.Revenue was 1% higher, lifted by stronger spending by companies and the US government.However, Dell is expected to come under pressure during the rest of the year, as governments, companies and consumers are all expected to moderate their spending.Shares in Dell dropped about 6% in after-hours trading on the weaker sales outlook, after the results were released following the closing bell on Wall Street.The bad news at Dell failed to weigh down the broader market, which was encouraged by strong financial results from retailers.Department store Target reported net profits for the second quarter of $704m for the second quarter of the year, comfortably beating expectations.It follows similarly impressive figures on Tuesday from Wal-Mart, the world\'s biggest retailer, and from DIY chain Home Depot. From / BBC

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dell shares slump after sales growth cut Arab Today, arab today dell shares slump after sales growth cut

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dell shares slump after sales growth cut Arab Today, arab today dell shares slump after sales growth cut

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday