Dell's Fourth-Quarter Profit Plunges 31 Percent On Big Drop In PC, Mobility Segment Sales; But It Beats Estimates

By Mike Obel | February 19 2013 6:13 PM

Giant PC maker Dell Inc. reported a nearly one-third drop in profit on Tuesday as PC sales and revenue from its mobility segment declined and were only partially offset by revenue from its server and networking divisions. It was the company's fifth straight quarterly loss.

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The Round Rock, Texas-based company said that for the three months ended Feb. 1 it earned $530 million, or 30 cents per share, compared with $764 million, or 43 cents a share, in the year-earlier period. Excluding one-time events, its per share earnings were 40 cents, compared with 51 cents in the year-earlier quarter. Analysts polled by Thomson Reuters expected a per-share profit of 39 cents. Revenue was down 11 percent to $14.31 billion.