There were also some interesting earnings reports from the tech side of things. Dell Technologies (DELL) reported last Thursday with earnings per share of $1.84. This figure was quite a bit lower than last year’s $2.13 per share but still beat the Zacks Consensus Estimate of $1.38 per share. Dell attributed the earnings beat to a rise in sales combined with a fall in operating expenses.
Workday (WDAY) wasn’t as fortunate as Dell and missed earnings when it also reported on Thursday. The software maker reported earnings per share of $0.83, just under consensus estimates of $0.86. However, Workday was optimistic about the rest of the year, slightly raising its full-year guidance.
Why it matters
Investors were happy to hear about Dell's earnings beat, sending the stock up more than 12% the next day. On the other hand, Workday fell more than 5% after its earnings miss.