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%.
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