The news sent its stock down more than 6% to $24.83 in after-hours trading on the Nasdaq.
The leading PC maker said it now expects to earn about 33 cents a share for the quarter, down from its previous forecast of between 36 cents to 38 cents.
Round Rock, Texas-based Dell expects revenues during the period of about $14.2bn, which is on the low end of its previous forecast range of between $14.2bn and $14.6bn.
The company said the shortfall in earnings was primarily driven by pricing decisions in the second half of the quarter that the company expects will accelerate revenue growth in the future.
During Q1 we continued to execute on our strategy to reinvigorate growth by making investments in our support infrastructure and product quality and by accelerating pricing adjustments, said Dell chief executive Kevin Rollins, in a statement.
The company will announce its first quarter results on May 18.
