Dell

Dell's (DELL 24.20) first quarter earnings and revenue soared past Wall Street's expectations on strong overseas sales.  Shares have traded more than 10% higher in premarket activity in response.

First quarter revenue rose 9% year-over-year to $16.1 billion, topping the the $15.7 billion consensus estimate.  Much of the growth was driven by overseas sales, with global consumer revenue up 20%.  Notebook sales showed notable strength, growing at 43% year-over-year, which is 1.2 times more than the industry rate.

The Texas-based company earned $0.38 per share, which is $0.04 better than the consensus estimate.  Dell benefited from better-than-industry growth of commercial and consumer products and services, and lower operating expense as a percent of revenue.

Dell plans to continue to incur costs as it realigns its business to improve competitiveness, reduce headcount and invest in infrastructure and acquisitions. The firm expects to continue to benefit from improving performance in areas like emerging countries, notebooks, enterprise and services, which collectively are driving a more diversified portfolio of geographies and products.