Dell Technologies Inc.(DELL.US) saw its shares drop more than 12% pre-market after reporting mixed earnings for the third quarter and a disappointing outlook for the fourth quarter.

The company reported an adjusted EPS of US$2.15 for Q3, surpassing analysts' expectations of US$2.05. However, overall net revenue for the quarter came in at US$24.37 billion, falling short of the projected US$24.59 billion. 

Adjusted operating income was US$2.20 billion, exceeding the expected US$2.16 billion. 

The Infrastructure Solutions Group (ISG) reported revenues of US$11.37 billion, slightly above the forecasted US$11.34 billion.

For the fourth quarter, Dell Technologies projected revenue in the range of US$24 billion to US$25 billion, below market expectations of US$25.57 billion. Adjusted EPS for Q4 is expected to be US$2.50, lower than the anticipated US$2.65.