Dell stock drops on disappointing 17% fall in profit
Dell on Thursday posted a disappointing drop in quarterly earnings, citing slow IT spending in Asia and Western Europe, and increased spending to drive growth. The company’s surprising 17 percent decline in quarterly profit sent the world’s second largest PC maker’s shares down more than 10 percent. Dell reported fiscal second quarter revenue of $16.4 billion, up 11 percent year-over-year and driv…
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