EMC first-qtr earnings per share, revenue below Street

(Reuters) - EMC Corp, the world's largest data storage equipment maker, on Wednesday reported an increase in first-quarter revenue and earnings but missed expectations. The company said adjusted earnings per share rose 5 percent compared with a year earlier, to 39 cents, but were below average analyst estimates of 40 cents, according to Thomson Reuters I/B/E/S. Quarterly revenue increased 6 percent to $5.39 billion versus expectations of $5.42 billion. The company reiterated its full-year targets for non-GAAP earnings per share of $1.85 and revenue of $23.5 billion. ...



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