Dell's earnings surge; PC maker says it trails only Compaq
Article Abstract:
Dell Computer's 2nd qtr 1998 earnings of $346 million, or 50 cents a diluted share, represents a 62% increase over the 2nd qtr 1997 report of $214 million, or 29 cents a share. By comparison, a First Call survey of Wall Street analysts had projected per-share earnings of 46 cents. Dell in addition announced a 2-for-1 stock split, its sixth split since 1992. The computer manufacturer also said it had become the leading US desktop computer seller and No. 2 vendor overall behind Compaq, according to market research. Company revenue of $4.33 billion marked a 54% gain from the 2nd qtr 1997's $2.81 billion. Dell improved its market share and profit margins amid a tough retail environment, as evidenced by its 34% revenue growth in the Asia-Pacific region. Company officials praised its direct-sales system, which avoids distributors and dealers while customizing orders.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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Sun earnings rise 3.5%; revenue trails forecasts
Article Abstract:
Sun Microsystems' earnings for the fiscal 3rd qtr ended on Mar 29, 1998, totaled $232 million, or 59 cents a share fully diluted. Revenue, however, did not meet projections due to unfavorable currency-exchange rates and Asian economic troubles. Not only did Sun meet analysts' earnings expectations, the company also showed a 3.5% increase over the 3rd qtr 1997's $223.5 million, or 58 cents a share performance. Earnings jumped 16% over the 3rd qtr 1997 to $197 million, or 51 cents a share, excluding a one-time gain. Sales amounted to $2.36 billion, which represents an 11.6 improvement over $2.11 billion. Sun also registered a 3rd qtr record in which operating income reached 14% of its sales, according to vice president for corporate resources and CFO Michael E. Lehman.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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Comment about this article or add new information about this topic:
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