Dell Rises as Corporate Sales Provide Company Edge Over HP
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Dell Inc. rose as much as 6.7 percent after its profit topped analysts’ estimates, marking the second straight quarter that the company’s results outshined those of rival Hewlett-Packard Co.
Net income surged to $945 million, or 49 cents a share, from $341 million, or 17 cents, a year earlier, Dell said yesterday. Excluding certain costs, earnings were 55 cents in the period, which ended April 29. Analysts estimated 43 cents on average, according to data compiled by Bloomberg.