Dell's Fourth-Quarter Profit Plunges 31 Percent On Big Drop In PC, Mobility Segment Sales; But It Beats Estimates

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February 20, 2013 10:13 AM EST

Giant PC maker Dell Inc. on Tuesday reported a nearly one-third drop in profit as PC sales and revenue from its mobility segment dropped and were only partially offset by revenue from server and networking business. It was the company's fifth straight quarterly loss.
 
The Round Rock, Texas, company said that for the three months ended Feb. 1 it earned $530 million, or 30 cents per share, compared with $764 million, or 43 cents a share, in the year-earlier period. Excluding one-time events, its per share earnings were 40 cents, compared to 51 cents in the year-earlier quarter.
 
Analysts polled by Thomson Reuters expected per-share profit of 39 cents.
 
Revenue was down 11 percent to $14.31 billion.
 

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