Dell’s Earnings

Dell (DELL) just reported surprisingly good earnings of 32 cents a share.

Dell, like competitors Hewlett-Packard and Apple, profited from lower costs for computer components amid a supply glut. But profit was reduced by payments to its former CEO and 400 employees for stock options that could not be exercised during the company’s internal audit, which found that executives adjusted accounts to meet financial targets.

The big problem is that these aren’t official results. Dell hasn’t filed with the SEC for over a year. Here are the numbers, but bear in mind that they’ll be changed.

Quarter…..Sales….Oper. Income…..EPS
1-97………$2,588………$198………..$0.0675
2-97………$2,814………$296………..$0.0725
3-97………$3,188………$346………..$0.085
4-97………$3,737………$397………..$0.10
1-98………$3,920………$429………..$0.11
2-98………$4,331………$483………..$0.12
3-98………$4,818………$539………..$0.14
4-98………$5,173………$595………..$0.15
1-99………$5,537………$600………..$0.16
2-99………$6,142………$694………..$0.19
3-99………$6,784………$650………..$0.18
4-99………$6,801………$513………..$0.16
1-00………$7,280………$625………..$0.19
2-00………$7,670………$736………..$0.22
3-00………$8,264………$818………..$0.25
4-00………$8,674………$589………..$0.18
1-01………$8,028………$588………..$0.17
2-01………$7,611………$545………..$0.16
3-01………$7,468………$544………..$0.16
4-01………$8,061………$594………..$0.17
1-02………$8,066………$590………..$0.17
2-02………$8,459………$677………..$0.19
3-02………$9,144………$758………..$0.21
4-02………$9,735………$809………..$0.23
1-03………$9,532………$811………..$0.23
2-03………$9,778………$840………..$0.24
3-03………$10,622…….$912………..$0.26
4-03………$11,512…….$981………..$0.29
1-04………$11,540…….$966………..$0.28
2-04………$11,706…….$1,006……..$0.31
3-04………$12,502…….$1,089……..$0.33
4-04………$13,457…….$1,187……..$0.37
1-05………$13,386…….$1,174……..$0.37
2-05………$13,428…….$1,173……..$0.38
3-05………$13,911…….$944………..$0.39
4-05………$15,183…….$1,246……..$0.43
1-06………$14,216…….$949………..$0.33
2-06………$14,094…….$605………..$0.22
3-06………$14,383…….$824………..$0.30
4-06………$14,402…….$801………..$0.30
1-07………$14,622…….$947………..$0.34
2-07………$14,771…….$896………..$0.32

Posted by Eddy Elfenbein on August 30th, 2007 at 4:36 pm

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.