Tuesday, May 17, 2005
HP beats expectations, but CEO cautious
Hewlett-Packard reported on Tuesday that its net income increased 9 percent to $966 million for its first quarter under the management of Chief Executive Mark Hurd, results that lifted the printer and computer maker just ahead of analysts' expectations.
...Excluding unusual items, the company reported earnings of 37 cents per share for its second fiscal quarter, which ended April 30. That was a penny more than the average expectations of analysts surveyed by First Call and 3 cents more than last year's earnings per share.
HP's revenue of $21.57 billion was a 7 percent increase from the year-earlier period, also ahead of analysts, who expected $21.36 billion on average.
...However, for the fiscal third quarter, HP said it expects earnings per share of 29 cents to 31 cents, lower than the 32 cents analysts had expected.
News.com
...Excluding unusual items, the company reported earnings of 37 cents per share for its second fiscal quarter, which ended April 30. That was a penny more than the average expectations of analysts surveyed by First Call and 3 cents more than last year's earnings per share.
HP's revenue of $21.57 billion was a 7 percent increase from the year-earlier period, also ahead of analysts, who expected $21.36 billion on average.
...However, for the fiscal third quarter, HP said it expects earnings per share of 29 cents to 31 cents, lower than the 32 cents analysts had expected.
News.com
# posted by Lynn Wegley @ 5:38 PM 
