Dell Technologies Shares Plummet After Hours
Substantial Decline Despite Positive Earnings Report
After-Hours Trading Shows Significant Drop
Dell Technologies, Inc. (NYSE:DELL) shares experienced a sharp decline in after-hours trading on Thursday, plunging by 11.5% as of 10:21 AM EDT.
This significant drop followed the release of the company's quarterly earnings report, which exceeded analysts' estimates. The financial results showed a revenue increase of 16% year-over-year.
Despite the positive earnings report, investors reacted negatively to the company's forecast for the upcoming quarter. Dell Technologies projected a weaker-than-expected revenue outlook due to ongoing supply chain challenges and rising inflation.
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