Advertisement
News
Advertisement

Hewlett-Packard 1Q earnings, revenue top views

Thu, 02/20/2014 - 5:07pm
The Associated Press
 
              FILE - In this Aug. 21, 2012, file photo, the Hewlett-Packard Co. logo is seen outside the company's headquarters in Palo Alto, Calif. Hewlett-Packard Co. reports quarterly financial results after the market closes on Thursday, Feb. 20, 2014.  (AP Photo/Paul Sakuma, File)

PALO ALTO, California (AP) — Hewlett-Packard Co. is reporting results for its latest quarter that top Wall Street's forecasts.

Net income in the fiscal first quarter through Jan. 31 rose 16 percent to $1.43 billion, or 74 cents per share, from $1.23 billion, or 63 cents per share, a year earlier.

Excluding restructuring and other charges, adjusted earnings came to 90 cents per share. Analysts polled by FactSet expected 85 cents.

Revenue dipped 1 percent to $28.15 billion, but was flat excluding currency effects. Analysts expected $27.20 billion.

The company expects second-quarter adjusted earnings of 85 to 89 cents per share. The midpoint of that range is below the 89 cents analysts were forecasting. It expects full-year adjusted earnings of $3.60 to $3.75 per share, with the midpoint slightly above the $3.66 analysts were expecting.

Advertisement

Share this Story

X
You may login with either your assigned username or your e-mail address.
The password field is case sensitive.
Loading