Dell Technologies Inc. shares lost a post-earnings bump and dove to a decline of more than 5% in after-hours trading Tuesday after the PC manufacturer cut...
Dell Technologies Inc.
shares lost a post-earnings bump and dove to a decline of more than 5% in after-hours trading Tuesday after the PC manufacturer cut its revenue guidance and cited a shortage of chips from Intel Corp. Dell cuts its revenue forecast for the full year to a range of $91.8 billion to $92.5 billion, after previously stating a range of $93 billion to $94 billion. "Intel CPU shortages have worsened quarter-over-quarter," Vice Chairman Jeffrey Clarke said in a conference call Tuesday afternoon. "The shortages are now impacting our commercial PC and premium consumer PC Q4 forecasted shipments.
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