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PC maker Dell Inc. (NASDAQ:DELL) posted third quarter revenue that missed Wall Street projections and said it is trending to the lower end of the range of its revenue outlook of 1 to 5-percent full fiscal-year growth.
Following the announcement, the company's shares fell 2.3 percent to $15.25 in extended trading on Tuesday.
Non-GAAP earnings were $983 million or $0.54 per share for the third quarter, up from $875 million or $0.45 per share in the comparable quarter of the previous year.
GAAP earnings increased to $893 million or $0.49 per share from $822 million or $0.42 per share in the year-ago quarter.
Revenue remained flat at $15.3 billion. Products revenue fell 2 percent, while Services revenue rose 6 percent.?
Analysts, on average, polled by Thomson Reuters expect the company to earn $0.47 per share on revenue of $15.65 billion.
Non-GAAP gross margin was 23.1 percent, up from 20.0 percent last year.
Round Rock, Texas-based Dell closed Tuesday's regular trading session at $15.63, up 2.02 percent. The stock has been trading in the 52-week range between $12.99 and $17.60.
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