Thursday, April 7, 2005
Dell reaffirmed its first-quarter outlook, and said it would more than double the amount of share buybacks to $2 billion.
Revenue and profit for its first quarter ending later this month would be in line with current Wall Street expectations, Dell said. Dell expects quarterly revenue of $13.4 billion, up 16 percent from a year earlier, and 37 cents per share in profits, up 32 percent from a year-ago.
Dell also said it plans to spend $2 billion on stock buybacks. Share buybacks help Dell offset the dilutive effect on earnings of employee stock options and helps boost reported earnings.
By: DocMemory
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