Dell Resumes Trading Up 6% On Strong Earnings (DELL)

Shares of Dell DELL are moving up strongly in after hours trading, up nearly 7% on the back of a stronger than expected earnings report, and upbeat guidance for 2011. Dell reported fourth quarterly revenues of $15.69 billion, slightly less than Wall Street was expecting. Earnings however, beat Wall Street estimates. Earnings came in at 53 cents per share, versus estimates of 37 cents per share. The company said it expects to grow its revenues by 5% to 9%, versus the consensus estimate of 4.8% growth modeled by the Street. The company sees operating profit growth of 6% to 12%. At last check, shares of Dell were up 94 cents, or 7%, at $14.79.