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Dell Falls on Disappointing Profit Forecast, Higher Tax Bill

  • Company says supply chain constraints will increase backlog
  • Hardware maker’s quarterly revenue jumps 16% to $27.9 billion
Updated on

Dell Technologies Inc. shares tumbled after the hardware maker gave a disappointing profit forecast and reported quarterly earnings that fell short of Wall Street estimates.

The company also said component shortages will prevent it from meeting demand for its products and supply chain constraints are raising the costs of shipping and logistics.