Dell reported financial results that were worse than last year and also fell short of Wall Street expectations, punishing the company's shares.
Dell, which is battling a slump that's caused it to lose its ranking as the world's No. 2 personal computer maker, reported third-quarter earnings of 23 cents a share excluding one-time items. Last year this time, Dell earned 37 cents a share.
Sales for the most recent quarter fell to $12.9 billion, compared with $15.16 billion last year.