Compaq net increased 42% in 3rd quarter

Article Abstract:

Compaq Computer Corp's net income rises 42 percent to $124 million, or $1.38 a share, in the 3rd qtr of 1990, up from $87 million, or $1.01 a share, in the same period in 1989. Revenue rose by 26 percent up to $863 million from $683 million for the same period in 1989. Compaq attributes its largest boost in earnings from international sales; the computer maker reports sales grew 54 percent in the 3rd qtr of 1990 and accounted for 53 percent of the total revenue. North America sales grew only five percent. Many investors have overlooked Compaq's overseas operations and predicted lower earnings based on a gloomy US market. Analysts expect that Compaq will have a strong 4th qtr 1990 based on sales in Europe.

Third Quarter

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Compaq's net climbed 70% in 4th quarter

Article Abstract:

Compaq Computer Corp reports a 70 percent increase in net income for its 4th qtr 1990. Thc computer maker posts a net of $134.8 million, or $1.51 a share, from $79.1 million, or 92 cents a share, in the same period in 1989. Compaq's revenue rose 27 percent to a record $1 billion in the 1990 4th qtr, as compared with $788.1 million in the same period in 1989. Industry analysts raise their expectations for Compaq's 1991 earnings, from $5.35 a share to $6 a share. The company's 1990 net rose 36 percent to $454.9 million, or $5.14 a share, from $333.3 million, or $3.89 share, in 1989. Compaq stock rose $3.50 a share to close at $66.75 a share on Jan 30, 1991.

Growth (Physiology), Revenue, Growth, Financial Stability, Fourth Quarter

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