5 Stocks Moving on Quarterly Reports

In this article, we discuss the 5 stocks moving on quarterly reports. If you want to read our detailed analysis of these companies, go directly to the 10 Stocks Moving on Quarterly Reports. 

5. Dell Technologies Inc. (NYSE:DELL)

Number of Hedge Fund Holders: 59

Shares of Dell Technologies Inc. (NYSE:DELL) jumped over 12 percent in the pre-market trading session on Friday, May 27, 2022, after beating profit and sales expectations for its fiscal first quarter.

Dell Technologies Inc. (NYSE:DELL) reported adjusted earnings of $1.84 per share, crushing expectations of $1.39 per share. Revenue for the quarter climbed 16 percent on a year-over-year basis to $26.1 billion, beating estimates of $25.04 billion.

Dell Technologies Inc. (NYSE:DELL) also released its segment-wise sales results. Revenue from the client solutions group climbed 17 percent to $15.6 billion, helped by solid demand for PCs. In comparison, infrastructure solutions’ revenue jumped 16 percent to $9.3 billion in the quarter.

Speaking on the results, co-chief operating officer Chuck Whitten said:

“Our first quarter – with record Q1 revenue, operating income and diluted EPS – demonstrates the benefits of having a strong, geographically and sector-diverse business covering the edge to the core data center to the cloud.”