Dell will report second-quarter results that will be disappointing to investors, but not unexpected, according to one analyst.
The company’s stock, which has plunged in recent weeks due to the financial crisis, will fall more than 3% in after-hours trading on Friday, according a Bloomberg report from Jefferies.
Dell’s share price had been rising more than 20% this year.
On Thursday, the company said it will spend more than $3 billion on its cloud business, and is preparing for the first-ever merger of the company’s two business units.
The company has been struggling with slowing growth in a saturated market.
Analysts at Jefferies have said the company will need to find new revenue streams in the future if it wants to continue its growth trajectory.