Tandy net slides 66.8% in quarter; Dell Computer gains 93.8% and its share price sets a record
Article Abstract:
Tandy Corp reports a 66.8 percent drop in its net income for the 1991 final fiscal quarter, while Dell Computer Corp announces a profit increase of 93.8 percent. Dell's shares soared by $35.25, the highest level since it went public in 1987. Tandy's net income totalled $18.9 million, or 23 cents per share, from $56.9 million, or 72 cents per share, for the year-ago period. Sales are down by 5.3 percent, to $985.2 million from $1.04 billion. Tandy's troubles spring from weakening sales at its Radio Shack outlets, the slowing down of the microcomputer market and a $9.8 million one-time charge against earnings. Dell, whose net income increased to $12.4 million, or 50 cents per share, on US sales of $136.9 million and international sales of $63.1 million, is reportedly the only computer company to achieve increased year-to-year earnings in the second quarter than in the first quarter.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 1991
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Dell Computer profit rose 79 percent in quarter
Article Abstract:
Dell Computer Corp reports strong foreign sales and a 70 percent increase in profits for 4th qtr 1991. The company is also announcing a 3-for-2 stock split. The overseas sales surprised industry analysts and indicate that the company is gaining foreign market share. Wall Street analysts had estimated Dell's shares to be worth up to $3 per share for the 1993 fiscal year. The 4th qtr ended January 31, 1992 with earnings of $15.4 million or 62 cents a share. Sales rose 71 percent from $167.3 million to $285.7 million between 1990 and 1991. Dell has managed to keep costs low, partially due to the fact that the company offers sales and service via telephone rather than through computer stores and field-sales organization. Dell's new line of computers based on the Intel 80486 microprocessor is competitively priced and combines speed with power.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 1992
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Tandy sees profit halved this quarter
Article Abstract:
Tandy Corp reports that its earnings for the fiscal qtr ending Jun 1991 will be half of what it earned in the same period in 1990. The computer company received 64 percent of its 1990 sales, which totaled $4.5 billion, from its Radio Shack store outlets. Tandy notes that consumers are not buying Tandy microcomputers and told of plans to begin selling competitors' products in a new superstore format. Tandy's profitability has suffered during the late 1980s and was only 12.7 percent during 1990, well below the 20 percent it was reporting during the first part of the 1980s. Tandy stock closed at $27.75 a share on Jun 24, 1991, down $1.375 a share for the day.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 1991
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