Earnings News: Dell Inc (DELL), Applied Materials Inc (AMAT), Nordstrom Inc (JWN)

Описание

<p>Dell Inc. (NASDAQ: DELL) reported second quarter earnings, excluding items, of 25 cents a share on revenue of $14.51 billion. Analysts had expected the tech company to report earnings, excluding items, of 24 cents a share on $14.18 billion in revenue, according to analysts polled by Reuters.</p><p>Dell beat expectations despite falling PC sales, after the company unexpectedly moved up its scheduled earnings report from next week. The company is currently in a buyout battle between founder and CEO Michael Dell and activist investor Carl Icahn over its future.</p><p>On Thursday, shares of Dell Inc. fell 0.18 percent to $13.68 in after-hours trade.</p><p>Nordstrom, Inc. (NYSE: JWN) issued earnings of 93 cents a share on revenue of $3.20 billion, compared with Reuters estimates for 88 cents a share on sales of $3.29 billion.</p><p>The high-end retailer also cut its full-year earnings and revenue forecasts. The company lowered its full-year earnings outlook to $3.60 to $3.70 compared to its previous outlook of $3.65 to $3.80.</p><p>Shares of Nordstrom, Inc. dropped 2.92 percent to $57.60 in extended-hours trading.</p><p>Applied Materials, Inc. (NASDAQ: AMAT) reported fiscal third quarter net income fell to $168 million, or 14 cents per share, from $218 million, or 17 cents per share, in the year-ago period.</p><p>Excluding one-time items, the semiconductor manufacturer issued earnings of 18 cents a share on revenue of $1.98 billion, missing analysts’ estimates for 19 cents a share on sales of $2.06 billion.</p><p>The company also reported an earnings guidance that fell short of Wall Street forecasts.</p><p>In addition, the company named Gary Dickerson, currently president of Applied Materials, as its new CEO. Dickerson, who replaces Michael Splinter as the company&#39;s CEO since 2003, will take on the new role September 1.</p><p>Shares of Applied Materials, Inc. were down 2.25 percent to $15.32 after the close.</p><p>Wall Street tumbled on Thursday, as the Dow dropped over 200 points, after investors weighed a disappointing retail earnings report from Wal-Mart Stores Inc. (NYSE: WMT). The market also continued to fear when the Federal Reserve might start to taper its $85 billion-a-month bond-buying program.</p><p>On the economic calendar for Friday, economists will be looking to economic releases the University of Michigan Consumer Sentiment Index and housing starts data.</p><p>The Dow Jones industrial average plunged 225.47 points, or 1.47 percent, to close at 15,112.19. The S&P 500 Index was down 24.07 points, or 1.43 percent, to end at 1,661.32. The Nasdaq Composite Index was down 63.16 points, or 1.72 percent, to finish at 3,606.12.</p><p> </p><p> </p>