Investing.com -- Dell Technologies reported Thursday mixed quarter results and weaker revenue for the current quarter, though the pc and server maker hiked its dividend and unveiled a $10 billion increase in its share buyback program.
Dell Technologies Inc (NYSE:DELL) rose more than 5% Thursday following the report.
For the fourth quarter, Dell reported adjusted earnings per diluted share of $2.68 on revenue of $23.93 billion, compared with estimates for $2.53 per share and $24.56, respectively.
For Q1, the company forecast non-GAAP diluted EPS of $1.65 on revenue of $22.5B and $23.5B, missing estimates for adjusted EPS of $1.83 on revenue of $23.72B.
For the full-year 2026, non-GAAP diluted EPS was expected to be $9.30 on revenue between $101.0B and $105.0B, compared with expectations for adjusted EPS of $9.29 on revenue of $103.62B .
Dell Technologies increased its annual cash dividend by 18% to an expected $2.10 per common share and announced a $10B increase in its stock buyback program.
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