By Poornima Gupta
SAN FRANCISCO (Reuters) - DELL (DELL.NQ)Inc's
Shares of the world's No. 3 maker of personal computers fell almost 8 percent to $13.90, from a close of $15.08 on Nasdaq.
PC makers have struggled with slowing demand as mobile devices such as Apple Inc's
Dell said revenue in its fiscal first quarter declined 4 percent to $14.4 billion, lower than the average analyst estimate of $14.9 billion according to Thomson Reuters I/B/E/S.
Excluding one-time items, the company earned 43 cents, lower than the average Wall Street estimate of 46 cents.
The company posted net income of $635 million, or 36 cents a share, down from $945 million, or 49 cents a share, a year earlier.
For the second quarter of fiscal 2014, the company estimated revenue would rise 2-4 percent from first-quarter levels.
Among the divisions, sales to consumers took a big hit with consumer revenue slipping 12 percent to $3 billion. Sales to large corporations declined 3 percent to $4.4 billion.
(Reporting By Poornima Gupta; Editing by Richard Chang)
