Business Services Industry
Dell Posts $11.5 Billion in First-Quarter Sales.
Knight Ridder/Tribune Business News, May, 2004
By Crayton Harrison, The Dallas Morning News Knight Ridder/Tribune Business News
May 14--Dell Inc. had to squeeze in a few extra sales at the end of the first quarter to meet its earnings forecast, which was threatened by higher-than-expected memory prices, the company said Thursday.
The computer maker, based in Round Rock, Texas, faced increased memory prices the entire quarter but had predicted prices would drop in the last few weeks of the period, which ended in April. When prices didn't drop, the company was in danger of missing its projection for net income of $731 million, or 28 cents a share.
Wall Street often hammers a company's stock for an earnings miss, and Dell prides itself on a track record of meeting forecasts. Rather...
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