6 big earnings hits: Dell's huge quarter; HP's miss; Lululemon comes in ahead
Here is your Pro Recap of the biggest earnings reports you may have missed this week and how analysts responded: numbers out of retailers Victoria's Secret and Lululemon and tech names Salesforce, HP, Broadcom, and Dell.
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Dell Technologies (NYSE:DELL) soared 8.5% in recent premarket trading after the company said adjusted EPS totaled $1.74, smashing the $1.14 estimate, on revenue of $22.93 billion that topped the $20.86B target, as a jump in in service and software maintenance agreements boosted growth.
Recurring revenue rose 8% to $5.6B year-over-year in Q2, driven by «increases in service and software maintenance agreement,» the company said.
Chipmaker Broadcom (NASDAQ:AVGO) reported earnings per share of $10.54 on revenue of $8.88B for its fiscal Q3, comfortably beating the analyst expectation for EPS of $10.43 on revenue of $8.85B, and said it expects AI-related spending on infrastructure software and semiconductors to boost demand.
The company expects to record Q4 revenue of $9.27B, up 4% from the prior year but slightly below the $9.28B consensus. Shares were losing 4.6% to $880 in early Friday trading.
Lululemon Athletica (NASDAQ:LULU) shares were up 1.5% to $387 in Friday's premarket after the company reported Q2 EPS of $2.68 that surpassed the $2.54 estimate, as well as better-than-expected sales of $2.2B.
The athleisure apparel retailer also said on Thursday that full-year profit should range from $12.10 to $12.17 a share, while revenue is expected at $9.51B to $9.57B.
Earlier in the week, Salesforce (NYSE:CRM) shares climbed 3% Thursday after the software outfit lifted annual guidance and beat estimates for Q2, touting
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