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Article: US second-quarter earnings tough to beat.(Financial report)
- Article from:
- Times of Oman (Muscat, Oman)
- Article date:
- August 30, 2009
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Byline: Reuters
NEW YORK: For corporate America and Wall Street, the second quarter may be a tough act to follow. Just as investors were closing the book on second-quarter earnings, Dell drew them back in by accidentally releasing earnings that beat expectations just minutes before Thursday s closing bell.
Despite this minor misstep by Dell, the world s No. 2 personal computer maker, investors reacted to the news the way they did too many other pleasant surprises this quarter -- by hungrily snapping up Dell s stock and lifting tech shares.
This was the pattern throughout the latest earnings period, as a bevy of surprises provided the fuel to ...