Skip navigation
Watchlist Sponsored By :

LATEST TECHNOLOGY VIDEO


Current DateTime: 11:06:18 16 Nov 2009
LinksList Documentid: 19836971
Expiration DateTime: 11/16/2009 11:09:11 PM
    • Microsoft's Co-Founder Diagnosed with Cancer 

        CNBC's Brian Shactman & Jim Goldman have the details on Paul Allen's diagnosis with non-Hodgkin's lymphoma.

    • No Sustained Recovery for Tech Sector: CEO 

        Moving into 2010, there is “stabilization” for the technology sector, Bruce Thompson, CEO of Diploma, told CNBC Monday. There is “stability, no further decline, but we are not seeing sustained recovery,” he said, adding that customers aren’t “aggressively building stocks back up” and don’t yet have “the confidence to really work on the assumption of sustained growth.”

powered by digg
By: CNBC.com | 20 May 2008 | 04:49 PM ET
Text Size

Hewlett-Packard reported a profit that exceeded analysts' expectations but matched a recent preannouncement from the company.

Hewlett Packard earnings
AP
Hewlett Packard headquarters in Palo Alto, Calif.

HP said it earned 87 cents a share in the second quarter, on sales of $28.26 billion. In the same period last year, HP earned 70 cents a share on sales of $25.53 billion.

HP, the world's largest technology company by revenue, preannounced better-than-expected earnings for the quarter last week.

HP said then that according to preliminary results it earned 80 cents a share in the quarter ended April 30. The figure of 87 cents a share excludes amortization costs.

Analysts, on average, expected a profit of 85 cents per share, excluding items, on sales of $28.1 billion, according to a poll by Thomson Financial.

The company kept intact its earlier forecast for third-quarter earnings of 82 cents to 83 cents per share, excluding special items.

For the third quarter, HP expects sales of $27.3 billion to $27.4 billion. The Street had originallly anticipated sales of $27.3 billion for HP's third quarter.

From 'Mad Money' with Jim Cramer:

Operating margin, excluding special items, was 10 percent, up from 9 percent a year earlier and 9.9 percent in the first quarter, HP said.

HP shares [HPQ  Loading...      ()   ] edged lower by less than 1 percent in extended electronic trading after finishing 0.54 percent lower at $46.46 Tuesday. Shares of Palo Alto, Calif.-based HP gained 6 percent during the quarter to close at $46.35 at the end of April.

International markets accounted for 70 percent of revenue, with that from Europe, the Middle East and Asia rising 16 percent on the year to $11.1 billion. Revenue from Brazil, Russia, India and China grew 26 percent over a year earlier.

"HP turned in another strong quarter, supported by improvement across our businesses," Chief Executive Mark Hurd said in a statement. "We benefited from robust demand in emerging economies."

HP's personal computer business grew 16 percent from a year earlier, with unit shipments up 21 percent. Notebook revenue grew 31 percent while desktop revenue was flat.

The company's imaging and printers segment grew 6 percent, while enterprise storage and servers revenue rose 4 percent and services grew 12 percent, HP said.

The tech bellwether had pushed back its quarterly report, originally scheduled for last week, after announcing last Tuesday it agreed to buy Electronic Data Systems.

- Wire services contributed to this report.

© 2009 CNBC
Tools:
Print EmailAdd This share icon
  • digg share

CNBC HIGHLIGHTS

  • CNBC's Jim Goldman asks: Has the sun begun to set on Twitter? Data suggests its best days are over.
  • Everyone wanted a piece of Madoff's "Bullship"--the famous buoy sold for $7,500 at auction. You won't believe these prices.
  • De Loach Vineyards is selling its pinot noir the old fashioned way, helping to cut energy and transportation costs.
  • Why are the Chinese concerned about the progress of U.S. health care legislation?
  • Snoop Dogg
  • CNBC's Maria Bartiromo talks to rapper Snoop Dogg about brand identity in both business and music.
ADD COMMENTS
Remaining characters


Current DateTime: 01:12:16 16 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 10:28:53 16 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 07:02:14 16 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 10:42:55 16 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters