Dell Technologies Inc. tumbled more than 12% in the premarket on Wednesday following a disappointing earnings report.
Despite outperforming in its top and bottom lines, improving by 10% and 12%, respectively, compared with last year's results, the figures didn't come as expected. In addition, on a conference call with analysts, Dell executives offered a revenue outlook range of $24 billion to $25 billion for the current quarter, below the current consensus of $25.6 billion.
At 6:08 am ET, Dell shares were down 12.73% at $123.69 in premarket trading in New York.
