Shares of Dell (NYSE:DELL) gained in after-hours trading after the company reported earnings for its second quarter of Fiscal Year 2024. Earnings per share came in at $1.74, which beat analysts’ consensus estimate of $1.14 per share.
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Sales decreased by 13.2% year-over-year, with revenue hitting $22.93. This beat analysts’ expectations by $2.09 billion. Furthermore, second quarter cash flow from operations came in at $3.2 billion.
Turning to Wall Street, analysts have a Strong Buy consensus rating on DELL stock based on 10 Buys, two Holds, and zero Sells assigned in the past three months, as indicated by the graphic above. Nevertheless, the average price target of $57.67 per share implies 2.47% upside potential.