Wednesday, May 10, 2006
PC maker Dell Computer said it expects to achieve GAAP earnings per share of approximately 33 cents for its fiscal 2007 first quarter and expects revenue of approximately $14.2 billion.
Originally, Dell forecast sales of $14.2 to $14.6 billion and earnings per share of 36 to 38 cents, including an estimated three cents of stock-based compensation. The earnings shortfall versus previous guidance was driven primarily by pricing decisions in the second half of the quarter Dell expects will accelerate future revenue growth.
"During Q1 we continued to execute on our strategy to reinvigorate growth by making investments in our support infrastructure and product quality and by accelerating pricing adjustments," said Kevin Rollins, Dell's chief executive, in a statement.
By: DocMemory
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