Dell 4Q Earnings, Revenues Drop
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By MATT SLAGLE  DALLAS - Dell Inc., which is the subject of a federal probe into its finances, said Thursday that fourth-quarter profits plunged 33 percent due to weak sales of laptops and notebooks, which account for the lion's share of its revenues.
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Fourth-quarter profits fell at Texas Instruments Inc., although the big maker of chips for cell phones beat Wall Street's expectations.
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Dell Inc. , the world's second-largest personal computer maker, on Thursday reported quarterly earnings per share that topped Wall Street's average estimate, though revenue was short of expectations.
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Conexant (CNXT:Nasdaq - news - research) posted a sequential decline in fourth-quarter revenue due to lower demand that boosted inventory -- a circumstance that the chip supplier said will plague results in the current quarter.
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Family Dollar Stores Inc. posted a nearly 10 percent drop in its fourth-quarter earnings Thursday, saying the &quot;difficult economic environment&quot; was hurting its performance.
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Fourth-quarter profit fell by 9 percent as energy prices declined, but the company still ended up with its third consecutive year of record earnings.
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Dell Inc , the world&#39;s  second-largest personal computer maker, on Thursday reported  higher-than-expected profit as it benefited from lower costs  for disk drives, microprocessors and other components.
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U.S. stocks were little changed on Wednesday after weaker-than-expected consumer sentiment data before the start of the holiday shopping season offset strong earnings from Dell Inc.
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Stock futures pointed to flat open on  Friday after top personal computer maker Dell Inc. DELL.O  posted earnings that reflected slow sales in the consumer  market and offered an outlook that disappointed Wall Street.
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Dow Chemical Co  said on  Tuesday that fourth-quarter earnings fell, hurt by weak U.S.  housing and auto markets, spiraling energy and raw material  costs, and one-time restructuring charges.
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Dell's fourth-quarter earnings beat Wall Street's estimates, even though the company's profits dropped 33%.
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Dell, the No. 2 PC maker, reported sales and profits Thursday that handily beat Wall Street forecasts, and announced it would cut its staff by 10 percent over the next 12 months.
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DALLAS -- Texas Instruments Inc., the leading maker of chips for cell phones, cut its profit and revenue forecast for the fourth quarter on Monday due to slower sales of semiconductors, and it warned that sales could weaken further early next year.
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U.S. stocks slipped on Friday, with a  drop in Dell Inc. DELL.O following its disappointing revenue  outlook weighing on technology shares.
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The computer retailer's financial disappointments continue in the fourth quarter with plunging desktop sales and flat notebook sales.
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Dell Inc. on Thursday reported  quarterly earnings and revenue that topped analysts&#39;  expectations and announced plans to cut about 10 percent of its  work force over the next year.
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The company said fourth-quarter earnings fell from year-ago results that included a one-time gain. But adjusted profit exceeded expectations on Wall Street, driven by higher sales.