The world's third largest PC maker beat third-quarter earnings estimates, but missed on revenue.
NEW YORK (TheStreet) -- Dell(:DELL) shares fell 1.2% in after-hours trading on Tuesday after its third quarter revenue results failed to meet analyst expectations, despite beating earnings estimates.
The world's third-largest PC maker reported adjusted earnings of 54 cents a share on revenue of $15.4 billion. Analysts were predicting earnings of 47 cents a share on revenue of $15.7 billion.
Dell CEO Michael Dell
Dell also said it is on track to exceed its guidance of 17% to 23% percent full fiscal-year operating income growth.
The company expects to hit the lower range of its revenue outlook of 1 to 5 percent growth for the full-fiscal year given macro uncertanties in the hard disk drive business. These shortages, caused by flooding in Thailand, have disrupted operations in at least a dozen factories, including Dell supplier Western Digital(:WDC).
-- Written by Olivia Oran in New York
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