Shares of Dell Technologies Inc. (DVMT) gained 2.7% before the bell Monday after the company reported earnings per share of $2.33 on a revenue of $21.36 billion. The shares later lost 1.31% to trade $83.71 after the markets opened.

DMVT Earnings & Outlook

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For the quarter ended May 4, Dell’s net loss reduced to $1.95 per share, or $636 million, from $2.29 per share, or 1.17 billion in the year-ago period. Earnings per share climbed to $2.33 from $0.59 in the same quarter last year.

Revenue increased by 19% to $21.36 billion., while Wall Street had estimated revenue of $19.37 billion. Commercial revenue was $7.4 billion, or a rise of 16%, while Client solutions $10.3 billion, or a rise of 14%.

Personal computer shipments grew 6.4%, while revenue in the VMware division climbed to $2.0 billion, or an increase of 12%.

This stock is priced a lot higher than most penny stocks I trade but given the recent volatility there should be plenty of opportunity to scalp some profits.

Dell Technologies CEO Comments

Dell Technologies chief financial officer Tom Sweet said, “We had a strong first quarter with balanced growth across all business units, regions, and customer segments. Our broad set of capabilities, enhanced by our targeted investments over the last year, drove strong top-line momentum and improved profitability, allowing us to generate good operating cash flow and make progress paying down our core.”

The company’s Products & Operations Vice-chairman, Jeff Clarke also added, “The great momentum we saw exiting last year for servers and commercial client continued through the first quarter. We gained share in PCs and servers during the first calendar quarter and, when the numbers are revealed, expect to gain share in storage, as well. We’re pleased but not satisfied and will continue focusing our energy and resources on what matters most to our customers.”