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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Dell Net Income Falls 72% 0 comments
    Aug 16, 2013 10:32 AM | about stocks: 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.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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