Dell reports strong third quarter

Dell raised its yearly income forecast after third-quarter margins and earnings beat expectations, helped by sliding costs of PC components propelling its shares 4.8 per cent higher. The personal computer maker, which vies with Acer for the number two spot in the global PC market, expects stable demand from government and corporate customers and favourable component prices this current quarter. Dell beat earnings forecasts by a wide margin. It yesterday reported net earnings for the quarter ended 29 October of $822m (£512m), up from $337m, from a year ago.