Dell forecast fourth-quarter revenue below Wall Street expectations on Tuesday, weighed down by weaker demand for its traditional PCs and competition from rival server makers, sending its shares down more than 10% in extended trading.

Dell Technologies stock tumbled late Tuesday after the tech hardware company reported mixed fiscal third quarter results. Dell said in a news release that it earned an adjusted $2.15 per share on sales of $24.

Dell forecast fourth-quarter revenue between $24 billion and $25 billion, average analyst estimate is $25.57 billion, according to data compiled by LSEG

Dell missed Wall Street expectations for third-quarter revenue on Tuesday, weighed down by weaker demand for its traditional PCs and stiff competition from rival server makers, sending its shares down more than 10% in extended trading.