Dell lowers earnings expectations
October 31, 2005In an after-market announcement, Dell Inc. lowered its earnings estimate for its third fiscal quarter.
Dell said Tuesday it expects to achieve earnings of 39 cents a share on a non-GAAP basis, which is at the low end of the range of its previous guidance for fiscal 2006 third quarter, and expects revenue to be approximately $13.9 billion vs. its original guidance of $14.1 to $14.5 billion.
The company said the shortfall in revenue compared to previous guidance was driven in part by the company's U.S. consumer and U.K. businesses, which fell short of expectations. The company said it continues to refocus on higher-value products and services while optimizing profitability.
Dell also said it will take a charge in its fiscal third quarter of approximately $450 million, or roughly 14 cents per share, yielding expected GAAP earnings per share of 25 cents.
The company said that more than $300 million is associated with the cost of servicing systems that included a vendor part that failed to perform to Dell's specifications. This issue is limited to a small percentage of previous generation OptiPlex desktop systems. The charge also includes the costs of workforce realignment, product rationalizations and excess facilities.
Dell will announce financial results for its fiscal third quarter on Nov. 10.
Copyright 2005 by United Press International
-
Lenovo 3Q profit up by half, warns of disk supply
Feb 09, 2012 |
not rated yet |
0
-
As technology evolves, will PCs be left behind?
Sep 12, 2011 |
2.6 / 5 (7) |
18
-
Hewlett-Packard overhaul exposes underdog status
Aug 20, 2011 |
1 / 5 (1) |
1
-
Dell cuts guidance, showing industry uncertainty (Update)
Aug 16, 2011 |
not rated yet |
0
-
Dell's 2Q comes amid PC strife
Aug 12, 2011 |
not rated yet |
2
-
Engineers build first sub-10-nm carbon nanotube transistor
Feb 01, 2012 |
4.9 / 5 (31) |
30
-
Something old, something new: Evolution and the structural divergence of duplicate genes
Jan 31, 2012 |
4.6 / 5 (7) |
1
-
The hidden nanoworld of ice crystals: Revealing the dynamic behavior of quasi-liquid layers
Jan 30, 2012 |
5 / 5 (3) |
1
-
Stock market network reveals investor clustering
Jan 27, 2012 |
3.9 / 5 (23) |
8
-
Of microchemistry and molecules: Electronic microfluidic device synthesizes biocompatible probes
Jan 26, 2012 |
5 / 5 (1) |
0
More news stories
Walney offshore wind farm is world's biggest (for now)
(PhysOrg.com) -- The Walney wind farm on the Irish Sea--characterized by high tides, waves and windy weather--officially opened this week. The farm is treated in the press as a very big deal as the Walney ...
Technology / Energy & Green Tech
3 hours ago |
3.3 / 5 (4) |
3
|
GPS court ruling leaves US phone tracking unclear
A US Supreme Court decision requiring a warrant to place a GPS device on the car of a criminal suspect leaves unresolved the bigger issue of police tracking using mobile phones, legal experts say.
3 hours ago |
4 / 5 (1) |
0
Netflix settlement trims 14 pct off 4Q earnings
(AP) -- Netflix pressed the rewind button on its fourth-quarter earnings after settling allegations that the video subscription service violated a consumer-privacy law.
3 hours ago |
not rated yet |
0
Anonymous briefly knocks CIA website offline (Update 2)
The website of the Central Intelligence Agency was briefly inaccessible on Friday after the hacker group Anonymous claimed to have knocked it offline.
20 hours ago |
4.7 / 5 (14) |
24
Google users warned of threat to smartphone wallets
Users of Google smartphone wallets were being warned on Friday that there is a way to crack pass codes intended to thwart thieves from going on illicit shopping sprees.
19 hours ago |
5 / 5 (4) |
0
Study finds that anti-diabetic medication can prevent the long-term effects of maternal obesity
In a study to be presented today at the Society for Maternal-Fetal Medicine's annual meeting, The Pregnancy Meeting, in Dallas, Texas, researchers will report findings that show that short therapy with the anti-diabetic medication ...
Europe stakes billion-dollar bet on new rocket
A pencil-slim rocket is scheduled to lift into space from South America on Monday, carrying a billion-dollar bet that Europe can grab a juicy slice of the market to place satellites in low orbit.
Steroid injections prove effective in treatment of lumbar disc herniations
The use of epidural steroid injections may be a more efficient treatment option for lumbar disc herniations, according to research presented today at the American Orthopaedic Society for Sports Medicine's Specialty Day in ...
Amateur football players not always keen on returning to play after ACL injuries
Despite the known success rates of reconstructive Anterior Cruciate Ligament (ACL) surgery, the number of high school and collegiate football players returning to play may not be as high as anticipated, say researchers presenting ...
Study finds elevated levels of cell-free DNA in first trimester do not predict preeclampsia
In a study to be presented today at the Society for Maternal-Fetal Medicine's annual meeting, The Pregnancy Meeting, in Dallas, Texas, researchers will report findings that indicate that elevated levels of cell-free DNA in ...
PRP treatment aids healing of elbow injuries say researchers
As elbow injuries continue to rise, especially in pitchers, procedures to help treat and get players back in the game quickly have been difficult to come by. However, a newer treatment called platelet rich plasma (PRP) may ...
