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Dell Net Income Falls 72%

|Includes:Dell Inc. (DELL)

Originally published at www.seclive.com

Filing in Focus: Dell 8-K, August 15, 2013

Dell Inc. (NASDAQ:DELL) announced its financial results for the second quarter of fiscal year 2013, reporting a net income decrease of 72% to $204M compared to this quarter last year of $732M. Earnings per share this quarter was $0.12 per share, compared to $0.42 a year ago. The earnings release surprised investors as the company was not expected to announce its results until next week, with the timing coinciding just a day before a court will hear arguments related to the proposal to take Dell private. Revenue this quarter was $14.5B, just $400M above analyst predictions and practically unchanged from last year. All of this comes amidst arguments from Michael Dell to take the company private in a $24.8B bid while key shareholders including Carl Icahn and Southeastern Asset Management believe the bid to take the company private is underpriced.

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Stocks: DELL