Friday, Aug. 12, 2005 | 9:36 a.m.
Dell Inc. shares fell sharply in after-hours trading on Thursday after the company said quarterly revenue had not grown as fast as expected, even though earnings rose 28 percent and matched analysts' expectations. Dell, the world's largest computer maker, said weak federal government orders and aggressive discounts on computers sold to consumers slowed growth in revenue, which at $13.4 billion was up 15 percent from a year ago. Analysts were expecting $13.7 billion in revenue for the quarter, which ended July 29.
Dell shares were trading down as much as 7.8 percent, to $36.50, after the earnings announcement, which was made after regular trading ended. The stock earlier closed down 15 cents, at $39.58.
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