No. 1 personal computer maker Dell Computer Corp. Friday raised its revenue and earnings forecasts for the fourth fiscal quarter, citing increased demand, particularly among consumers.
Dell said it expects sales of $8 billion for the quarter, ending Feb. 1, up from its previous projection of $7.6 billion. It raised its earnings guidance to 17 cents per share from 16 cents. Analysts' consensus earnings estimate is 16 cents a share, according to Thomson Financial/First Call.
Dell said it expects fourth-quarter shipments to consumers to increase by 50 percent and sees revenues from its consumer business growing 40 percent from the third quarter.
Dell said it expects worldwide shipments in the fourth quarter to be up at a strong double-digit rate.
Shares of Dell were down 24 cents at $28.71 in morning Nasdaq trade.
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