ROUND ROCK, Texas (AP) _ Dell Technologies Inc. (DELL) on Thursday reported fiscal fourth-quarter net income of $408 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Round Rock, Texas-based company said it had profit of 54 cents. Earnings, adjusted for one-time gains and costs, came to $2 per share.

The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of $2 per share.

The computer and technology services provider posted revenue of $24.03 billion in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $23.96 billion.

Dell Technologies shares have dropped 15% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $43.63, a fall of 22% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DELL at https://www.zacks.com/ap/DELL

Automated Insights, source Associated Press News