Dell Lowers Third Quarter Guidance
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Dell has lowered their financial forecast for the third quarter, saying its U.S. and British operations fell short of expectations. Not a big suprise here, because we know our readers build their own machines and have been hurt by the recently high gas prices!
The computer maker said after the bell Monday that it now expects earnings before items of 39 cents a share — at the low end of its previous guidance range — and revenue of about $13.9 billion, down from its original guidance of $14.1 billion to $14.5 billion. Analysts polled by Thomson First Call had been expecting earnings of 40 cents per share on revenue of $14.28 billion.
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