Advertisement
Promo

Desktop platforms Toolkit in association with http://ad.doubleclick.net/clk;205413468;14699245;m?http://adfarm.mediaplex.com/ad/ck/2397-58840-22058-14

HP results beat analyst forecasts

Elinor Mills CNET News.com

Published: 21 May 2008 08:15 BST

  • Email
  • Trackback
  • Clip Link
  • Print friendly
  • Post Comment

Strong sales in emerging markets boosted HP's second-quarter earnings to $2.2bn (£1.1bn), or 87 cents a share, up 24 percent from a year earlier.

Revenue for the quarter rose 11 percent to $28.3bn, the company said on Tuesday.

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

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

IT community hero
Who's your IT Community Hero?

Tell us who has done the most to make the lives and jobs of people in IT easier by fostering a sense of community

Read more+

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

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

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

Credit: HP beats analyst estimates from CNET News.com

  • Email
  • Trackback
  • Clip Link
  • Print friendly
  • Post Comment

Did you find this article useful?


Full Talkback thread

0 comments


Company/Topic Alerts

Create a new alert from the list below:







Video icon

Video

Microsoft Futures Special Report

Ozzie: Success of Azure comes down to trust

Ozzie: Success of Azure comes down to trust

News In an interview, Ray Ozzie says businesses will be taking a risk by placing core operations in Microsoft's datacentre, but that the software giant has more to lose if things go bad

More Special Reports

Desktop Management Benchmarking

Test Your Desktop Management Systems

How good are your company's desktop management solutions? How do they compare with those of your peers?

Take two minutes to complete our new Desktop Management and Energy Consumption benchmark, and find out what issues your business needs to focus on.


Skip Sub Navigation Links to CNET Brand Links

Help

Become part of the ZDNet community.

Newsletters