Shares in Dell Technologies (DELL) rose 6% in Friday’s trading, after the tech giant reported a solid earnings beat.Specifically, FQ2 Non-GAAP EPS of $1.92 beat Street estimates by $0.52, while GAAP EPS of $1.37 also topped forecasts by $1.59. Although revenue fell 2.8% year-over-year, at $22.8B it still beat Street expectations by $300M. Adjusted EBITDA was $3.1B- significantly higher than the consensus of $2.5B.“In Q2, we saw strength in the government sector and in education, with orders up 16 and 24 percent, respectively, as parents, teachers and school districts prepare for a new frontier in virtual learning” commented Jeff Clarke, …read more
Source:: Yahoo Finance
