Tuesday, April 17, 2007

UPDATE 1-EMC reports higher quarterly profit

(Reuters) - First-quarter net income rose to $312.6 million, or 15 cents per share, from $272.5 million, or 11 cents, a year earlier. Revenue rose to $2.98 billion from $2.55 billion.

The Hopkinton, Massachusetts-based company said earnings excluding one-times items totaled 14 cents a share. On that basis, analysts were expecting 13 cents, according to Reuters Estimates.


Read more at Reuters.com Market News

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