Dell Flying Higher On Earnings News (DELL)

Dell, Inc. DELL released its third quarter earnings results on Thursday after the closing bell. The company reported net income of $822 million or $0.42 per share, compared to $337 million or $0.17 per share, in the year ago period. On an adjusted basis, which is comparable to analysts' estimates, non-GAAP net income was $875 million or $0.45 per share versus $449 million or $0.23 per share, in last year's corresponding quarter. This compared with analysts' consensus EPS estimates of $0.32. Revenue came in at $15.39 billion, which was a 19% increase over the $12.90 billion the company reported in Q3 2009. Wall Street analysts' anticipated that the company would report revenue of $15.74 billion. In the after hours trading session, DELL shares have jumped 5.74% to $14.45.