Bulls Showing Signs of Life for Dell
Shares of Dell (DELL) edged up 0.6% despite the company lowering its Q1 results by -$100 million, or -5 cents a share, to set the money aside for a legal reserve fund. Dell’s accounting and financial reporting practices are under investigation by the SEC, and the two parties are currently discussing a possible settlement. The computer maker previously reported a profit of $441 million, or 22 cents a share, for the February-April quarter; the profit is now $341 million, or 17 cents a share. Adjusted EPS remains 30 cents. A total of 42 pro investors counted the stock among their top 15 holdings at the start of Q2, while 743 tickerspy members included the stock in their portfolios.
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