UPDATE 1-Dell's quarterly profit plummets as PC sales shrink
SAN FRANCISCO, Aug 15 (Reuters) - Dell Inc, the PC maker embroiled in a takeover battle between its founding CEO and activist investor Carl Icahn, on Thursday reported a 72 percent slide in quarterly earnings as PC sales extended their downward spiral.
Dell once led the world in computer sales and was held up as a model of production-chain innovation, but in recent years has become one of the more prominent victims of PC market erosion from mobile devices.
Sales from its end-user computing division, which incorporates computers, slid 5 percent to $9.1 billion.
The world's No. 3 PC maker reported sales of $14.5 billion in the fiscal second quarter, flat from a year earlier but surpassing the $14.2 billion analysts on average had expected.
It posted net income of $204 million or 12 cents a share in the fiscal second quarter, compared to $732 million or 42 cents a share in the year-earlier period. Excluding items, it earned 25 cents a share, barely edging past a 24-cent average forecast, according to Thomson Reuters I/B/E/S.
Shares of the company climbed 4 cents to $13.74 in after hours trade.