Dell shares fall on soft third-quarter earnings outlook

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Despite beating on its top and bottom lines, shares of Dell

Technologies fell more than 5% Thursday in extended trading after giving third-quarter earnings per share guidance that below Wall Street’s expectations.

Here’s how the systems integrator did versus LSEG consensus estimates:

Dell raised its full year outlook for revenue to be $107 billion at its midpoint and diluted earnings per share to $9.55 at the midpoint, topping Wall Street estimates of $104.6 billion and $9.38 per share.