*NEWS*DELL PROFIT SINKS ON 3Q CHARGES

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*NEWS*DELL PROFIT SINKS ON 3Q CHARGES

 user 2005-11-21 at 10:15:00 am Views: 40
  • #13283

    Dell profit sinks on Q3 charges
    November 2005 – Round Rock (TX): Dell has reported a 28 per cent profit drop in its Q3 results.
    Net
    income fell to $606 million, or EPS of $0.25, from $846 million, or EPS
    of $0.33, the year before. Excluding one-off charges, profit rose 12
    per cent.
    Revenue rose 11 per cent to $13.9 billion from $12.5 billion a year earlier.
    The
    company said it had approximately $442 million in one-time charges in
    its Q3, including around $300 million for repairing faulty capacitors
    in business computers. The remainder was accounted for with job cuts
    and other restructuring costs.