By Jeffrey T. LewisDell Technologies Inc. said Thursday its profit rose in the first quarter after sales jumped and some operating expenses declined. Earnings per share reached $1.37, compared with 84 cents in the first quarter of 2021, and adjusted earnings per share rose to $1.84 from $1.35. Net revenue increased to $26.12 billion from $22.59 billion.deThe revenue figure beat market expectations, while profit underperformed. The median forecast of analysts surveyed by FactSet was for sales of $25 billion and net income of $1.10 billion. The company's total cost of net revenue rose to $20.33 billion from $17.33 billion, while selling, general and administrative expenses fell to $3.55 billion from $3.66 billion, and total operating expenses declined to $4.23 billion from $4.28 billion.

Source: Wall Street Journal May 26, 2022 21:03 UTC