Dell (DELL) Higher Ahead of Q2 Results Tomorrow

August 27, 2008 3:44 PM EDT
Dell Inc. (Nasdaq: DELL) is 1.6% higher today ahead of Q2 results due after the close tomorrow. Wall Street analysts are looking for Dell to report earnings of $0.36 per share and revenues of $15.95 billion.

Last quarter, Dell beat estimates by 4 cents per share, showing that the company's turnaround is in full gear. Shares of Dell are up 17% from last quarter.

If Dell competitor HP (NYSE: HPQ) is any sign, Dell could have its second straight better-than-expected quarter. Dell shareholders have waited a long-time to see some performance from the company since founder Michael Dell took the reigns back.

Recent data from Gartner showed that Dell had the largest increase in server growth in the second quarter. Their data showed that server growth at Dell was 15% YoY. Dell raised its server market share from 12% to 13%.

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