Dell's net income drops 63 percent in Q1

Dell's net income drops 63 percent in Q1

Due to a reporting error, the first take of the story titled "Dell's net income drops 63 percent in Q1," posted to the wire on Thursday, contained an incorrect comparison of Dell's earnings with analyst estimates. A sentence has been removed from the second paragraph and a new sentence added. The updated version of the story was correct.

The second paragraph now reads as follows:

The company posted net income of US$290 million for the quarter ending on May 1, falling from the $784 million it reported in the first quarter of last year. Dell reported earnings per share of $0.15. Excluding one-time items, earnings per share was $0.24, slightly over the consensus forecast of $0.23 per share from analysts polled by Thomson Reuters.

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