Dell Inc, mired in a battle between activist investor Carl Icahn and co-founder Michael Dell over its future, said it will report quarterly results on Thursday, May 16, five days ahead of schedule.Dell, in a statement on Tuesday, did not give a reason for the change in plans. But CNBC's David Faber said the computer maker decided to get its results out sooner because it missed Wall Street estimates and it wanted to inform the market as quickly as possible.The computer maker is expected to report revenue of "roughly" $14 billion, and earnings - excluding some expenses - of 20 cents a share for its fiscal first quarter, the Wall Street Journal said, citing a person briefed on the results.Dell expects to report operating income of about $600 million, the journal added, citing the person.
Dell, Inc. (Dell) is a global information technology company that offers its customers a range of solutions and services delivered directly by Dell and through other distribution channels. Shares of DELL fell by 0.67% or $-0.09/share to $13.43. In the past year, the shares have traded as low as $8.69 and as high as $16.61. On average, 32552600 shares of DELL exchange hands on a given day and today's volume is recorded at 19485072.
Source
