UPDATE: EMC Posts Rise In Q4 Earnings, Issues Weak 2014 Forecast
January 29, 2014 at 08:30 AM EST
EMC (NYSE: EMC ) reported a 17% rise in its fourth-quarter earnings. For 2014, EMC expects adjusted earnings of $1.95 per share on revenue of $24.5 billion. However, analysts expected earnings of $2.03 per share on revenue of $24.96 billion. EMC's quarterly profit surged to $1.02 billion, or $0.48 per share,
