Decline at Dell Drives Stocks Down; Lower Computer Prices Bring Disappointmentin Third-Quarter Profits

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ROUND ROCK, Texas (AP) -- Dell Inc. warned Monday that third- quarter earnings and sales would come in at the low end of previous forecasts because of disappointing U.S. consumer and U.K. business, sending shares in the largest maker of personal computers tumbling in late trading.

Dell said it expected to post a profit of 25 cents per share for the third quarter, including charges of $450 million or 14 cents per share related to restructuring and a defective product.

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Decline at Dell Drives Stocks Down; Lower Computer Prices Bring Disappointmentin Third-Quarter Profits

Excluding the charges, Dell said it would earn 39 cents a share. In August, the company forecast a profit of 39 cents...

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