Dell 2Q profit drops 17 percent (AP)
2008.08.28 -
Technology -
Source: RSS.NEWS.YAHOO.COM -
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By JESSICA MINTZ, AP Technology Writer 18 minutes ago
Computer maker Dell Inc. says its fiscal second-quarter profit fell 17 percent.
Restructuring charges were partly to blame.
For the three-month period that ended Aug. 1, Dell's earnings dropped to $616 million, or 31 cents per share, from $746 million, or 32 cents per share in the same period last year.
The results included 2 cents per share in amortization and business realignment costs.
Sales rose 11 percent to $16.4 billion, ahead of Wall Street's view for $15.9 billion in sales, according to analysts polled by Thomson Reuters.
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