Dell Computer Inc., the world’s largest computer maker, reported its first-quarter loss of $2.7 billion, less than the $2 billion it expected.
The company said Wednesday that its computers had sold just 8.4 million units in the first quarter, down from the 16.1 million units it reported in the same period a year ago.
The news comes as Dell, which last week said it would cut more than 1,000 jobs as part of a broader restructuring plan, is trying to fend off a possible takeover by Lenovo Inc. by a rival for its laptop business.
Shares of Dell fell 1.6% in extended trading Wednesday.
The company reported first-half profit of $1.6 billion, beating analyst expectations of $917 million.
The Dell loss was also down from $1 billion in the prior-year period.
The business is being sold off to Lenovo, which will own 10.5% of the company.