Dell shares climb 19% on earnings beat as company navigates rising memory costs
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Dell shares soared 19% on Friday after the company beat fourth-quarter estimates and issued strong guidance, as a historic memory shortage puts pressure on prices in the sector. Dell reported adjusted earnings of $3.89 per share, exceeding the $3.53 per share expected by analysts surveyed by LSEG. The company reported $33.38 billion in revenue for the quarter, topping a forecast of $31.73 billion. The company estimates fiscal 2027 revenue will come in between $138 billion and $142 billion,
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