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 DALLAS (AP) - Dell Inc. beat Wall Street predictions in its first-quarter earnings report but said it would eliminate 10 percent of its work force over the next year as part of a broad plan to trim costs and become more competitive with rivals.
The computer maker said it earned $759 million, or 34 cents per share, in the three months ended May 4, down slightly from $762 million, or 33 cents per share, in the year-ago period. Sales rose nearly 1 percent to $14.6 billion.
The results beat analysts' predicted earnings of 26 cents per share on sales $13.95 billion, according to a poll by Thomson Financial.
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