Dell Stock Retreats On Weaker Sales, Falls Into Value Terrirtory

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ValueWalk

Dell Technologies Inc (NYSE:DELL) reported earnings that were above analysts’ expectations, but the stock fell anyway during market hours as PC sales weighed on investor sentiment. PC sales have been declining for the year and were down around 12 percent in the first quarter. The global economy has weighed on demand as consumers have slowed purchases owing to falling purchasing power and depleting levels of savings. Shares were up 2.75% after trending lower during early trading. Q2 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorFor the quarter, Dell posted reve…

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