Dell shares climb after company raises full-year profit outlook on AI demand

Shares of Dell Technologies rose on Thursday in extended trading after the company raised its full-year earnings forecast and issued a stronger-than-expected forecast for the current quarter. However, Dell's adjusted earnings per share came up short versus LSEG estimates on in-line revenue. Here's how the computer maker did versus LSEG consensus estimates: Earnings per share : $1.55 adjusted vs. $1.69 estimated : $1.55 adjusted vs. $1.69 estimated Revenue: $23.38 billion vs. $23.14 billion estimated Dell said it expects $2.25 in adjusted earnings per share for the current quarter, with between $28.5 billion and $29.5 billion in revenue. That was significantly higher than LSEG expectations. Company officials attributed the strong guidance to $7 billion in artificial intelligence systems that are expected to ship during the quarter, which are higher-margin than other Dell systems. For the full year, Dell still expects about $103 billion in revenue, in line with LSEG expectations, ... Read full article.