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DELL

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Dell reported fiscal third-quarter earnings on Tuesday that missed Wall Street expectations for revenue, but the company forecasted a stronger-than-expected fourth quarter driven by increased AI sales.

Dell shares rose 5% in extended trading.

Here's how Dell did versus LSEG consensus estimates:

EPS : $2.59 adjusted versus $2.47 estimated

Revenue : $27.01 billion versus $27.13 billion estimated

Dell said it expects about $31.5 billion in sales in the fourth quarter versus $27.59 billion estimated by analysts. The company said it expects fourth-quarter earnings per share of $3.50 versus $3.21 expected.

The company said it was raising its expectations for AI server shipments during the year to $25 billio

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