HP results beat analyst estimates

By Elinor Mills, CNET News.com
Wednesday, May 21, 2008 10:51 AM

Strong sales in emerging markets boosted Hewlett-Packard's second-quarter earnings to US$2.2 billion, or 87 cents a share, up 24 percent from a year earlier.

Revenue for the quarter rose 11 percent to US$28.3 billion, the company said Tuesday.

Those figures beat analyst estimates of earnings per share of 85 cents and revenue of US$28.1 billion, according to Thomson First Call.

Earnings excluding one-time items were US$2.1 billion, or 80 cents a share.

HP forecast revenue for the third quarter to be about US$27.3 billion to US$27.4 billion and earnings per share excluding items to be 82 cents to 83 cents.

HP raised its full-year revenue forecast to between US$114.2 billion and US$114.4 billion, from previous guidance of US$113.5 billion to US$114 billion. Full-year per-share earnings excluding items are forecast to be US$3.54 to US$3.58.

Analysts were forecasting third-quarter earnings per share of 82 cents and revenue of US$27.35 billion and full-year earnings per share of US$3.53 and revenue of US$114.2 billion.

This article was originally a blog post on CNET News.com.


WORTHWHILE?

0

0 votes
Blog

Talkback 0 comments

There are currently no comments for this post.


Tech Jobs Now!

Search for your ideal tech job:

Use shades of gray to enhance scale in Excel

Microsoft Office Suite

Excel's palette is generous, but don't throw buckets of pigment all over your spreadsheets just because you can.


Read more »



Ultimate 2012 recovery site: the moon

Blog thumbnail

Have you seen the disaster movie "2012"? A friend from Control Risks and I did, and we reluctantly concluded we wouldn't be able to write off the cost of our..... by Nathaniel Forbes

Read more »

Tags

  1. acquisition
  2. acquisitions
  3. ceo
  4. china
  5. financial
  6. google inc.
  7. green it
  8. ibm corp.
  9. india
  10. industry
  11. information technology
  12. it outsourcing
  13. job
  14. microsoft corp.
  15. network
  16. outsourcing
  17. revenue
  18. singapore
  19. software
  20. u.s.