Dell Inc. (NASDAQ:DELL) investors are hoping the company’s third-quarter financial results will continue to propel the stock which has gained more than 82% in the year to date.
The company's 2Q earnings crushed expectations with earnings per share (EPS) of $1.74 on revenue of $22.9 billion against estimates of $1.14 and $20.9 billion respectively, sending its stock more than 20% higher.
When it reports its 3Q results on Thursday, November 30, the personal computer maker is expected to report revenue of $22.93 billion, a 7.2% decline from the year-ago quarter.
EPS is also expected to decline from $2.30 in 3Q last year to $1.47.
Dell itself has forecast earnings per share of $1.45 on revenue of $23 billion.
Investors will be looking out for any revisions to the company’s outlook. In October, Dell reiterated that it expects to grow its revenue by 3% to 4% and adjusted EPS by 8% or more in the long-term.
Dell shares traded 1.6% higher at US$74.76 in the early afternoon on Wednesday.
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