The Daily Caller

The Daily Caller
In this Aug. 15, 2011 photo, the logo on a Dell computer is displayed, in Philadelphia. Dell Inc. reports quarterly financial earnings Tuesday, Aug. 16, after the market close. (AP Photo/Matt Rourke) In this Aug. 15, 2011 photo, the logo on a Dell computer is displayed, in Philadelphia. Dell Inc. reports quarterly financial earnings Tuesday, Aug. 16, after the market close. (AP Photo/Matt Rourke)  

Dell cuts full-year sales outlook; shares fall

SAN FRANCISCO (MarketWatch) — Shares of Dell Inc. tumbled sharply in after-hours trading on Tuesday, after the company cut its full-year sales outlook as it focuses on higher margin businesses and braces for an “uncertain demand environment.”

Dell shares were down more than 5% at last check.

The company said it now expects revenue growth of 1% to 5%, compared with a previous range of growth of 5% to 9%. Dell said it now sees adjusted operating margin for fiscal-year 2012 of 17% to 23%, compared with a previous outlook of 12% to 18%.

Full story: Dell cuts full-year sales outlook; shares fall – MarketWatch.